ShenChao TechFlow News: On March 17, according to Izvestia, the Central Bank of Russia has submitted a proposal to the government to allow digital financial assets (ЦФА) to circulate on open networks such as Ethereum. The relevant legislation is planned to be introduced in the summer of 2026. This measure aims to attract foreign capital from Asia, the Middle East, and Latin America amid sanctions and promote cross-border settlement. Russia's ЦФА market has grown from 44 billion rubles to 1.5 trillion rubles over the past three years, but it is currently still primarily driven by domestic demand. Analysts expect that if the relevant regulations are implemented, the market size could reach 12 to 13 trillion rubles by 2030.
ShenChao TechFlow News: On March 17, according to Izvestia, the Central Bank of Russia has submitted a proposal to the government to allow digital financial assets (ЦФА) to circulate on open networks such as Ethereum. The relevant legislation is planned to be introduced in the summer of 2026. This measure aims to attract foreign capital from Asia, the Middle East, and Latin America amid sanctions and promote cross-border settlement. Russia's ЦФА market has grown from 44 billion rubles to 1.5 trillion rubles over the past three years, but it is currently still primarily driven by domestic demand. Analysts expect that if the relevant regulations are implemented, the market size could reach 12 to 13 trillion rubles by 2030.