The Russian Constitutional Court is set to decide whether USDT, a popular stablecoin, has property rights in a case that could establish a significant precedent for stablecoins in Russia. The case stems from a loan dispute involving 1,000 USDT, with previous rulings stating that USDT does not fall under Russia's "Digital Financial Assets" regulations. This decision has been appealed to the Constitutional Court, drawing attention from the Central Bank of Russia, the Ministry of Finance, and anti-money laundering agencies.
The court's ruling, expected in a few weeks, will be conducted behind closed doors. A decision that stablecoins are not subject to DFA regulations could enhance their use in everyday transactions, though it may also limit their legal protections. This case is closely watched as it could influence the regulatory landscape for digital assets in Russia.
Russian Court to Rule on USDT Property Rights in Landmark Case
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