❗Starting May 26, the Central Bank of Russia introduces new requirements for foreign digital assets, including USDT stablecoins, effectively banning them.

• According to the new requirements, assets must not be linked to securities from unfriendly countries, must not contain indications of the possibility of blocking by issuers, and must ensure compliance with requirements in friendly jurisdictions. For example, USDT does not meet these requirements, so its legal circulation in the country will be banned.

ℹ️ These rules of the Central Bank regarding foreign digital assets, coming into force on May 26, regulate the activities of legal entities that are qualified investors.

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