Today, the Bank of Russia has added cryptocurrencies to its financial risk register.
The concern isn’t BTC—it’s stablecoins.
The report’s wording: Russians are increasingly using digital assets instead of the ruble.
That’s what the central bank fears most: being bypassed by its own issued currency.
The irony is this: on September 1, Russia just passed legislation allowing citizens to legally buy and sell cryptocurrencies. Exchanges, brokers, and custodians are all brought under regulation. Opening the door while warning that the door is risky.
This is one of the most contradictory cases in global crypto regulation this year.
But one thing is certain: when a country’s central bank starts worrying that stablecoins are replacing its domestic currency, it means stablecoins as a payment tool have penetrated to the point where regulators can’t sit still.
Brazil’s Pix gets hit by tariffs, Russia’s ruble is bypassed by stablecoins, and Iran’s oil is settled using USDT—fiat borders are being eroded little by little by digital assets.
Is this good news for BTC in the long run, or a sign that regulation is tightening?
$BTC
#俄罗斯央行将加密列为金融市场风险
The concern isn’t BTC—it’s stablecoins.
The report’s wording: Russians are increasingly using digital assets instead of the ruble.
That’s what the central bank fears most: being bypassed by its own issued currency.
The irony is this: on September 1, Russia just passed legislation allowing citizens to legally buy and sell cryptocurrencies. Exchanges, brokers, and custodians are all brought under regulation. Opening the door while warning that the door is risky.
This is one of the most contradictory cases in global crypto regulation this year.
But one thing is certain: when a country’s central bank starts worrying that stablecoins are replacing its domestic currency, it means stablecoins as a payment tool have penetrated to the point where regulators can’t sit still.
Brazil’s Pix gets hit by tariffs, Russia’s ruble is bypassed by stablecoins, and Iran’s oil is settled using USDT—fiat borders are being eroded little by little by digital assets.
Is this good news for BTC in the long run, or a sign that regulation is tightening?
$BTC
#俄罗斯央行将加密列为金融市场风险
