Russian digital rights experts propose Central Bank create nominal digital financial assets (stablecoins) available to non-qualified investors with issuer bankruptcy protection.
DeFi & Yields ·
The Association of Experts in the Digital Rights Market sent a letter to Russia's Central Bank proposing that nominal digital financial assets be created as a stablecoin category, accessible to non-qualified investors and insulated from issuer bankruptcy through priority claim treatment similar to mortgage agents. The proposal specifies that only specialized financial societies established for specific issuances would emit these assets, backed by reserves including rubles, federal bonds, foreign currencies, gold, or money market fund shares, with reserve value exceeding issuer liabilities. The Central Bank explored similar digital financial asset parameters in a June consultation document, noting that Russian law currently lacks a formal stablecoin definition, though one ruble-linked stablecoin already operates outside Russia.