The law "On Digital Currencies and Digital Rights," adopted by the State Duma and approved by the Federation Council, will expand the possibilities for using stablecoins in settlements for foreign economic activities. This opinion was expressed by the company A7, which facilitates operations with A7A5 — the first ruble stablecoin qualified as a DFA.
Most provisions of the law will come into force on September 1, 2026. According to the Bank of Russia's clarification, exporters and importers will be able to use cryptocurrency in cross-border settlements both through intermediaries and directly. Settlements using digital currency within the country will remain prohibited except for a number of cases. The requirements for the operation of the new infrastructure will be specified by the Central Bank's regulations.
"For many companies, settlements with digital assets are still a new practice. A7 specialists have already accumulated significant experience in the legal formalization of such operations, passing compliance, currency control, and interacting with infrastructure participants," noted Oleg Ogienko, Director of Government Relations and International Relations for the A7A5 project.
He emphasized that after the law comes into force, A7 will continue to apply this expertise when conducting client operations. The company also plans to "adapt its business processes as the regulatory acts of the Bank of Russia and other related acts are adopted."
A7 is a Russian international settlement system created in 2024 with the participation of PSB Bank. The company provides cross-border payments for Russian businesses and facilitates foreign trade operations. One of the company's key tools is the stablecoin A7A5, which was the first in Russia to receive the status of a digital financial asset. The stablecoin operates on the Tron and Ethereum networks, and its market capitalization exceeds $567 million. The circulation of A7A5 as a DFA in Russia is organized through the "Tokeon" platform.
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