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Russia's Central Bank Plans to Study Domestic Stablecoins by 2026, Tokyo University Announces RWA Project in Hong Kong Not Under Mainland Regulation

Once upon a time, Russia was always wary of cryptocurrencies, maintaining a strict regulatory stance. Now, they are actually planning to issue their own stablecoin! According to TASS, the Russian Central Bank plans to conduct a feasibility study on creating a Russian domestic stablecoin by 2026. First Deputy Governor of the Russian Central Bank Vladimir Chistyukhin made this statement during the Alfa Talk conference. Chistyukhin said, “We plan to conduct a study this year to reassess this issue. Indeed, our usual position is not to allow the issuance of such products, but considering the practical experiences of some countries, we will re-examine the risks and prospects involved and submit relevant conclusions for public discussion.”

Why is Russia announcing the study of a domestic stablecoin at this time? On one hand, since the Russia-Ukraine conflict, Western sanctions have been tightening, and Russia has been excluded from the SWIFT settlement system, which has hindered the national currency and foreign exchange channels, blocked foreign trade settlement pathways, and limited foreign investment inflows. There is an urgent need to find an innovative solution to this problem, and cryptocurrencies might be a good option. On the other hand, in recent years, with Bitcoin entering traditional financial exchanges and the listing of many cryptocurrency spot ETFs, as well as the U.S. adopting Bitcoin as a strategic reserve, the idea that “cryptocurrencies are the future” has gained increasing recognition among many countries. Relaxing regulations and accepting new things like stablecoins and RWAs is the trend. Instead of passively accepting, it’s better to actively embrace them.

Coincidentally, according to Caixin, Tokyo University also announced today that “the RWA project based on assets in Hong Kong does not fall under the jurisdiction of mainland Chinese regulators.” Does this mean that while mainland China maintains strict regulation, Tokyo University hopes to use Hong Kong as a testing ground for cryptocurrencies, trying out some stablecoin and RWA projects?

Anyway, cryptocurrencies will definitely be one of the future financial formats. Relaxing regulations, embracing, and participating in stablecoins, RWAs, and even cryptocurrency trading is only a matter of time. It all depends on when policies will shift. From this perspective, Bitcoin’s long-term trend is definitely upward. Buying on dips is the right approach. Recently, Little Wealth God has been obsessing over short-term shorts—maybe that’s a bit off the right path? What do you all think? 😀😀 😉