Russia Proposes Ban on Non-Professional Investors Purchasing Foreign Stablecoins
2026-07-17 09:24

Woofun AI reports that the latest draft of Russia’s cryptocurrency regulation bill introduces a prohibition on non-professional investors purchasing foreign stablecoins. The legislation defines "foreign digital instruments" and "non-deliverable foreign digital instruments", categorizing collateral-backed stablecoins within the latter group. While qualified investors retain access to foreign digital instruments, non-qualified residents are restricted to assets on a central bank-approved list. This follows the Bank of Russia’s June proposal for a stablecoin framework requiring state-controlled transactions via authorized exchanges, reflecting Governor Elvira Nabiullina’s concerns regarding asset freezing risks by foreign issuers.

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Elvira Nabiullina
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