A7 to Provide Unique Expertise on Stablecoin Settlement to the Market
Beginning September 1, 2026, Russia's "On Digital Currencies and Digital Rights" law will establish rules for cryptocurrency circulation, significantly expanding tools for importers and exporters. Company A7, a user of the largest ruble-pegged stablecoin A7A5, has announced its readiness to share its unique expertise in digital asset operations with foreign trade participants.
According to Oleg Ogienko, Director of Government Relations and International Ties for the A7A5 project, the company's specialists have developed significant expertise in legally formalizing such transactions, compliance, currency control, and interacting with infrastructure participants. Following the law's enactment, A7 will continue applying this expertise for client operations and plans to adapt its business processes as the Bank of Russia issues related regulatory acts.
The Bank of Russia clarified that exporters and importers will be able to conduct cross-border settlements in digital currency either through intermediaries or directly, though domestic use of such assets will remain restricted. All requirements for operators and settlement participants will be detailed in the regulator's subordinate acts. A7 had previously highlighted the high degree of transaction freedom in foreign trade as a key advantage of Russia's developing crypto-asset regulation model, while noting limitations for individuals and a banking-centric system that could hinder market growth.
cryptonews.ru10h ago
