Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
The Central Bank of Russia outlined the criteria for incorporating cryptocurrencies into the national reserve., 2026/04/10 11:42:59
The Central Bank of Russia does not rule out the potential establishment of a state crypto reserve in the future; however, for this to occur, digital currency must no longer be considered a high-risk financial instrument. This was stated by Deputy Chairman of the Central Bank, Vladimir Chistyukhin, during a broadcast on RBC Radio.
The primary conditions for considering cryptocurrency as an asset for inclusion in the state reserve alongside fiat currencies and gold include an increase in the liquidity of digital currencies, a reduction in their volatility, and the existence of security mechanisms, the official explained.
Currently, the issue of creating a crypto reserve is not on the agenda, Chistyukhin noted. He expressed skepticism regarding the U.S. decision to form such a reserve, describing it as unexpected.
Related Posts
“For us, the U.S. decision was extremely surprising. It may be less about the principles of reserve formation and more about lobbying specific business interests,” the official suggested.
At the same time, the Central Bank of Russia is open to the possibility of private companies issuing ruble-backed stablecoins. According to Chistyukhin, in 2026, the regulator intends to discuss the prospects of launching these stablecoins with market participants. However, the regulator currently lacks a definitive stance on whether this cryptocurrency should be utilized as a means of payment within the country.
“This year, the Central Bank will release a report to consult with market participants regarding the prospects of issuing stablecoins that are based on our national currency. One of the questions is whether such stablecoins should be allowed for transactions,” he stated.
At present, there is only one known stablecoin pegged to the Russian ruble, which is the A7A5 token, registered a year ago in Kyrgyzstan. After its first year, it captured approximately 43% of the market for stable tokens not pegged to the U.S. dollar, as determined by analysts from Dune.
