The Russian Central Bank has announced that foreign cryptocurrency exchanges and trading platforms can legally operate in the Russian market by establishing local subsidiaries. Ekaterina Lozgacheva, head of the Financial Market Strategy Development Department, stated that these regulations will be included in an upcoming crypto regulatory bill. Under the proposed framework, digital currencies and stablecoins will be classified as "monetary value," allowing them to be bought and sold, but not used as a means of payment within Russia.