Russia to end the USDT trading with the new central bank encryption rules

While Russia tightens its grip on the encryption sector, a new wave of central bank regulations could affect USDT trading in the country. Although Russian companies may still be able to use Stablecoins like Tether for border settlements, the local investor’s arrival to USDT appears to be increasingly at risk.

There is no explicit ban, but all signs indicate a USDT problem

After freezing the USDT governor last month, The central bank in Russia has presented new rules Before the launch of the regulatory encryption box on May 26. The sand box is designed to allow companies to use encryption in global trade, but with narrow restrictions on the permissible symbols. While the bank avoids the naming of the specific assets, experts believe that these regulations are effectively designed to exclude USDT and most other STADLECOINs supported by US dollars.

Under the new framework, distinctive symbols can be traded from “friendly countries” only, which do not support sanctions against Russia. Moreover, the rules target the metal currencies that can be “banned” or canceled by exporters, analysts by publishing indicating directly to Tether, which have the ability to freeze governor and deny recovery operations.

Experts say Usdt does not qualify

Mikhail Uspensky, regulatory consultant for encryption in Russia, confirmed that USDT is likely that it will not meet the new requirements and will be prevented from local trading. Georgy Jokasian, the legal director of DRT, explained that the compliance with Tether of US sanctions gives it the authority to reject recovery and freezing assets, leaving the owners of the Russians vulnerable.

The use of Stablecoin is still open

Despite the restrictions, both experts agree that the use of USDT for cross -border settlements will remain legally. The primary intention in Sandbox is to support international trade, not individual investors. But for merchants and investors in Russia, writing on the wall is clear – Usdt on its way out.

With Tether actually cooperating with the American authorities in previous enforcement measures, such as the freezing governor associated with Russian Garantex, confidence in the ability to use USDT inside Russia is eroding quickly.

• Also read:
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• and

Other alternative methods

Russia is also developing two experimental programs for cross -border payments using digital assets. One of them prepares distinctive assets such as gold under the DFA system, which is now approved for international use despite the available obstacles for foreigners.

The second, which was recently launched, allows encryption payments to imports and exports, which represents a shift in the central bank’s position. Experimental transactions began in December and expand. Russia is also developing digital rubles and works on Brics Bridge, a CBDC system for local currencies.

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