Russian Central Bank Plans to Open Digital Financial Assets Circulation on Public Blockchains like Ethereum, Attracting Foreign Investment to Break Through Sanctions

CycleProphet · 2026-03-17T04:20:49+00:00

The Russian Central Bank recommends allowing digital financial assets to circulate on open networks such as Ethereum, with relevant legislation planned to be introduced in 2026, aimed at attracting foreign capital and promoting cross-border settlement. Currently, Russia's digital financial asset market has experienced significant growth, with projections to reach 12 to 13 trillion rubles by 2030.

CycleProphet

2026-03-17 04:20:49

Abstract generation in progress

Deep Tide TechFlow News, March 17 — According to “Izvestia,” the Russian Central Bank has submitted a proposal to the government to allow digital financial assets (ЦФА) to circulate on open networks such as Ethereum. The draft law is scheduled to be introduced in summer 2026. This move aims to attract foreign capital from Asia, the Middle East, and Latin America amid sanctions and to promote cross-border settlements. Russia’s ЦФА market has grown from 44 billion rubles in the past three years to 1.5 trillion rubles, but it is still primarily driven by domestic demand. Analysts expect that if the regulations are implemented, the market size could reach 12 to 13 trillion rubles by 2030.

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