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Russia Approves USDC for Regulated Crypto Market With $700B Asset Threshold

Regulation & Policy Geopolitics

2026-06-17 01:47:55

USDC-0.01%

BTC-0.38%

ETH-1.54%

According to Cryptopolitan, Russia's Deputy Finance Minister Ivan Chebeskov stated that USDC will be added to the country's approved cryptocurrencies list alongside USDT, Bitcoin, and Ethereum. Non-professional investors can only invest in crypto assets with an average market cap exceeding 5 trillion rubles (approximately $700 billion) over the past two years. Annual investment by retail investors is capped at 300,000 rubles (approximately $4,000). The Russian cryptocurrency regulatory law must pass by July 1, 2026.

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Comment

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windx

· 16h ago

watching closely

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