Russia plans to build two cryptocurrency exchanges to support foreign economic activities

Odaily News Russia plans to establish two cryptocurrency exchanges in Moscow and St. Petersburg to support foreign economic activities. The exchanges are likely to operate under an experimental legal framework and will initially be open only to "blue chip" companies. Despite technical challenges and liquidity issues, it is expected to issue stablecoins based on the Chinese yuan and the BRICS currency basket. However, due to the risk of sanctions, the project's functionality may be limited. (Kommersant)