#Altcoins!

Russia to Bring New Regulations on May 26: Giant Altcoin Could Be Banned!

At this point, it is thought that Russian companies can continue to use stablecoins such as USDT for cross-border payments, but the use of USDT in local payments is too risky and restrictions may be imposed

Experts even state that the use of USDT may be banned in Russia due to new regulations.

“Tether may be banned for use within Russia, as it does not meet the requirements of Russia's new digital asset regulations. However, stablecoins are not prohibited for use in international payments,” said Mikhail Uspensky, a member of the Russian Virtual Asset Regulatory Committee.

*This is not investment advice.