TechFlow news, July 03, according to bits.media reports, Governor of the Central Bank of Russia Elvira Nabiullina stated at the Central Bank of Russia Financial Congress that the central bank is studying the possibility of using stablecoins for cross-border settlements, but only as a supplementary tool to the digital ruble, and remains "cautious" regarding their application in domestic settlements. The central bank has proposed a stablecoin regulatory framework, requiring all transactions to be conducted through legal exchanges or exchangers under state supervision. Currently, the Russian State Duma is deliberating on the cryptocurrency regulatory bill, but the clauses for state control of stablecoins have not yet been included, and the law originally scheduled to take effect on July 1 has not yet completed the second and third readings.
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