Russia's government is set to implement a new crypto regulation bill that will prohibit non-professional investors from purchasing foreign stablecoins. The legislation introduces the terms "foreign digital instruments" and "non-deliverable foreign digital instruments," with collateral-backed stablecoins classified under the latter. While qualified investors will have access to foreign digital instruments, non-qualified investors will be restricted to a list of specific assets approved by the central bank. The Russian central bank had earlier proposed a stablecoin regulatory framework, mandating that all transactions occur under state supervision via exchanges or legal exchange points. Central bank Governor Elvira Nabiullina has previously expressed concerns about foreign stablecoins, highlighting the risk of issuers freezing assets in users' wallets.