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[Russian Central Bank Governor: Stablecoins Can Be Used for International Settlements but Prohibited for Domestic Payments] Russian Central Bank Governor Elvira Nabiullina stated that Russia has the capability to issue stablecoins and supports their application in international settlements but firmly opposes their use for domestic payments. She emphasized that stablecoins can only be utilized within the experimental legal framework for foreign trade settlements. Meanwhile, Russia is creating conditions for the application of stablecoins in international settlements and attracting foreign investment, as well as drafting relevant amendments to promote the legalization of cryptocurrency investments. Artem Sheikin, Deputy Chairman of the Senate Committee on Digital Economy Development, called for the establishment of issuance and regulatory rules for stablecoins denominated in rubles, arguing that this move holds strategic significance for enhancing the ruble's position in the digital economy sector. Currently, the legal status of stablecoins remains unclear, hindering the issuance of ruble-denominated stablecoins.

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