The Central Bank of Russia has announced that stablecoins can be issued within the country for international settlements, but not for domestic payments. Governor Elvira Nabiullina informed lawmakers that while stablecoins are beneficial for foreign trade, their use will be restricted to experimental legal systems. This move follows calls from Russian senators for regulatory frameworks governing stablecoins. Artem Sheikin, Vice Chairman of the Senate Committee on Digital Economy Development, highlighted the need for clear rules to enhance the ruble's digital presence. He has requested the establishment of regulations to facilitate the issuance and regulation of ruble-denominated stablecoins, which currently face legal uncertainties. Amendments are being drafted to legalize cryptocurrency investments, aiming to attract foreign investment and bolster international applications of stablecoins.