The revision of the cryptocurrency regulation bill in Russia will be completed next week, and stablecoins will be classified as foreign exchange assets

According to a report by the Russian news agency TASS, Ivan Chebeskov, Deputy Minister of Finance of Russia, stated at the "Russian Digital Financial System" conference that the Ministry of Finance and the Central Bank of Russia plan to complete the revision of the cryptocurrency market regulation bill early next week for submission to the State Duma for a second reading. According to the regulatory framework previously established by the Central Bank, digital currencies and stablecoins will be classified as foreign exchange assets.