According to Cryptopolitan, Ivan Chebeskov, Deputy Minister of the Russian Ministry of Finance, stated during the St. Petersburg International Economic Forum (SPIEF 2026) that USDC will be added to Russia’s regulated cryptocurrency list alongside previously approved BTC, ETH, and USDT. He also revealed that small stablecoins pegged to currencies of “friendly jurisdictions,” such as the Russian ruble or the UAE dirham, may also be permitted for trading. The draft of Russia’s Digital Currency and Digital Rights Law must be enacted by July 1, at which point non-accredited investors will be legally allowed to invest in cryptocurrencies for the first time, with an annual investment cap of 300,000 rubles (approximately $4,000).
Russia to Regulate USDC, Finalizing Crypto Legislation by July
TechFlowShare
Summary
Russian crypto legislation advances as Deputy Finance Minister Ivan Chebeskov confirmed at the SPIEF 2026 forum that USDC will be added to the list of regulated digital assets alongside BTC, ETH, and USDT. The CFT (Countering the Financing of Terrorism) framework is expected to guide these updates. Russia aims to finalize its Digital Currency and Digital Rights Law by July 1, after which non-qualified investors will be permitted to legally trade crypto with an annual limit of 300,000 rubles. Small stablecoins pegged to currencies such as the ruble or UAE dirham may also receive approval.
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