Russia just dropped a brutal legal framework for crypto holders:
If $USDT or $USDC issuers freeze your assets, Russian depositories have ZERO liability. You eat the loss, not them.
This is huge for anyone holding stablecoins in Russian exchanges or custodians. Foreign sanctions = your problem now.
Russia's Finance Ministry basically said: "If Tether or Circle blocks you, that's between you and them. We're not covering it."
The takeaway? Custody risk just went nuclear in Russia. Self-custody looking smarter by the day.
Source: TASS
If $USDT or $USDC issuers freeze your assets, Russian depositories have ZERO liability. You eat the loss, not them.
This is huge for anyone holding stablecoins in Russian exchanges or custodians. Foreign sanctions = your problem now.
Russia's Finance Ministry basically said: "If Tether or Circle blocks you, that's between you and them. We're not covering it."
The takeaway? Custody risk just went nuclear in Russia. Self-custody looking smarter by the day.
Source: TASS
