Regulator: Central Bank of the Russian Federation (CBR)
Russia's Law on Digital Financial Assets (2021) prohibits crypto payments but allows licensed issuance of digital financial assets (DFAs), including commodity- or asset-backed tokens. Stablecoins pegged to fiat like USD or EUR are not formally recognized, but there is ongoing discussion of a digital ruble CBDC (pilot launched in 2023). Private stablecoins exist informally (often in P2P), but only tokenized commodities (e.g., gold-backed tokens) are legally sanctioned.
Applicable Laws:
Federal Law No. 259-FZ - https://rt-union.com/rules-tur/federal-law-259-fz
