Russia’s Ministry of Finance has cautioned local cryptocurrency investors that the state will not reimburse them should foreign stablecoin issuers, including USDT or USDC, decide to freeze their funds. This advisory arrives as an estimated 20 million Russian citizens maintain digital assets valued at approximately 3.7 trillion rubles—roughly $44 billion—according to statements from Deputy Finance Minister Ivan …
Russia Warns Crypto Investors of Stablecoin Freeze Risks
Russia’s Ministry of Finance warns local cryptocurrency investors that the state will not reimburse them if foreign stablecoin issuers freeze their funds, impacting millions of citizens holding billions in digital assets.



