According to the Kommersant newspaper, Russia plans to establish at least two cryptocurrency exchanges in Moscow and St. Petersburg, alongside stablecoins backed by the Chinese yuan and BRICS currencies. These exchanges, targeting major investors, will be run by a legal entity as current Russian laws do not cover cryptocurrency exchange operations. Last month, Russia announced plans to legalize fiat-linked digital assets for international payments and recently approved legislation permitting their use to counter Western sanctions.
Source: dailyhodl.com
