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

BlockBeats News, May 21st - According to the Russian news agency TASS, Russian Deputy Finance Minister Ivan Chebeskov stated at the "Russian Digital Financial System" conference that the Ministry of Finance, in collaboration with the Central Bank of Russia, plans to complete the revision of the cryptocurrency market regulation bill early next week. The revised bill will then be submitted to the State Duma for a second reading.

According to the regulatory concept framework previously developed by the Central Bank, digital currencies and stablecoins will be classified as foreign exchange assets.