Stablecoins will flood Russia in 2021

The State Duma Committee on Financial Markets expects that in 2021 a lot of new and interesting projects will appear in the field of Russian cryptocurrencies. This was announced on December 21 by the representative of the State Duma Anatoly Aksakov

Recall that from January 1, 2021, the law "On digital financial assets" approved in July 2020 comes into force. It gives the cryptocurrency legal status, but prohibits its use as a payment instrument.

According to Aksakov, many companies are actively interested in the possibility of creating stablecoins. Now that the legal basis for this has been created, in 2021 Russia is expecting a significant surge in the emission of cryptocurrencies.