The Central Bank of Russia said that the platform being developed for issuing and working with the digital ruble may well work with third-party digital currencies, but the issue still needs to be worked out.

As part of the session of answering questions from the New People faction, the Russian regulator noted that various models for interaction with CBDCs of other countries are currently being developed. For example, you can make two-way integration with each of the countries, or you can launch a single international digital platform that will provide interaction with the national digital currencies of various countries.

Also, representatives of the Central Bank of the Russian Federation reported that the regulator does not plan to create a national cryptocurrency exchange and generally opposes the circulation of digital currencies in the country. However, given the possibility of international settlements in cryptocurrencies under the experimental legal regime (EPR), a special organization will be created that will ensure the purchase and sale of digital currencies between the participants of the EPR.

But the release of a stablecoin pegged to the ruble is not planned – the statement emphasizes that the law expressly prohibits the use of digital financial assets for settlements within the country. The regulator, however, is not opposed to the use of CFA in international settlements within the EPR, but this is unlikely to require the creation of a ruble-pegged stablecoin. At the same time, the issue of foreign CFAs and turnover through Russian exchange operators is quite possible, but so far the law does not establish a mechanism for admitting such assets to the Russian market. So this issue needs to be addressed first.

Earlier it was reported that the Russian regulator allows private companies to work with foreign suppliers using digital assets. Although, again, we are talking about experimental legal regimes.