According to Cryptopolitan, Ivan Chebeskov, Deputy Minister of Finance of Russia, stated that USDC will be included in the list of approved cryptocurrencies for trading in Russia, alongside USDT, Bitcoin, and Ethereum. Previously, the Central Bank of Russia had indicated that no more tokens would be added, but Chebeskov revealed that USDC will also be approved. Non-professional investors can only invest in eligible crypto assets, specifically cryptocurrencies with an average market capitalization exceeding 5 trillion rubles (approximately 7 billion USD) over the past two years.
Chebeskov also mentioned that small fiat stablecoins from friendly jurisdictions may also be allowed, including ruble stablecoins and UAE dirham stablecoins. The Russian cryptocurrency regulatory bill must be passed by July 1, and non-professional investors will gain legal access to cryptocurrencies for the first time, but with an annual investment limit of 300,000 rubles (approximately 4,000 USD).
