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Russia Considers Separate Stablecoin Law Amid Crypto Regulation Reforms

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Crypto Breaking News

Key Insights

  • Russia separate stablecoin law may create clear legal status for fiat-pegged tokens within the national financial system.
  • Lawmakers may restrict trading on unlicensed crypto platforms under a broader exchange regulation bill.
  • A ruble-pegged stablecoin approved for trade highlights Russia’s focus on cross-border blockchain payments.

Russia Plans Dedicated Stablecoin Regulation

The Russia separate stablecoin law proposal forms part of the country’s broader cryptocurrency regulatory reforms. The Ministry of Finance is considering legislation that will address fiat-pegged digital assets separately from exchange regulations.

Officials believe stablecoins serve a different function than decentralized cryptocurrencies. As a result, regulators prefer a legal framework designed specifically for these assets. The proposed Russia separate stablecoin law would define how stablecoins operate within the national financial system.

Alexey Yakovlev, director of the ministry’s Department of Financial Policy, highlighted the potential of these assets. He noted that stablecoins could play a significant role in financial infrastructure and global transactions.

At present, Russian law does not clearly define stablecoins. The planned legislation aims to clarify their legal status and regulatory classification.

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Crypto Exchange Regulation Moves Forward

The Russia separate stablecoin law debate comes after advancements on wider cryptocurrency regulation. Legislators are still working on a bill that will govern crypto trading platforms nationwide.

The proposed exchange law may prohibit Russian citizens from trading digital assets on platforms that lack official permits. Regulators desire to enhance regulation and minimize risk in the crypto market.

With the proposed structure, the transactions might be conducted in the regulated institutions like banks, brokers, and stock exchanges. With the help of this structure, compliance and transparency will be enhanced.

Reports indicate lawmakers may present the exchange legislation to the State Duma during the spring session. If approved, the rules could take effect as early as July.

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Stablecoins and Cross-Border Payments

Interest in the Russia separate stablecoin law reflects the country’s focus on international settlements. Policymakers view stablecoins as potential tools for cross-border financial transactions.

The Bank of Russia introduced a regulatory category called foreign digital rights. This type can involve cryptocurrencies and stablecoins that can be used in particular international applications.

An overseas trade stablecoin named A7A5 was authorized as a ruble-pegged stablecoin. Authorities approved the asset for cross-border settlements that meet regulatory requirements.

Negotiations among the central bank, the finance ministry and industry players are underway. The regulators want to come up with balanced rules to ensure financial stability and innovation.

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The proposal of the Russia separate stablecoin law is indicative of the much bigger plan to modernize financial infrastructure. Well-defined policies may boost the trust in payment systems based on blockchains.

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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Curve Finance claims PancakeSwap copied its StableSwap code

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Curve Finance claims PancakeSwap copied its StableSwap code

A code dispute has surfaced between Curve Finance and PancakeSwap over the use of StableSwap technology.

Summary

  • Curve Finance says PancakeSwap copied parts of its StableSwap code without permission, calling it a license violation.
  • PancakeSwap responded that its team is reaching out to Curve to discuss the matter.
  • Both sides signaled they prefer cooperation and possible licensing over a legal dispute.

Curve Finance (CRV) has publicly accused PancakeSwap (CAKE) of copying parts of its code without permission.

The allegation was posted on X on March 6. Curve claimed PancakeSwap used code from its StableSwap implementation without following the license terms.

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Dispute over StableSwap code

In the post, Curve directly addressed PancakeSwap and said the exchange copied its code “without asking,” which it described as a violation of the software license.

Curve said the issue is both legal and technical. According to the team, similar situations in the past created problems for projects that reused the code without proper handling.

The post included a screenshot that appeared to highlight parts of the code in question. Curve suggested the file attribution listed PancakeSwap as the author even though the logic originated from Curve’s StableSwap system.

StableSwap is one of Curve’s main innovations. The automated market maker model is designed to allow low-slippage swaps between stablecoins and other tightly pegged assets. It uses a specialized mathematical formula that blends constant-product and constant-sum curves to keep prices stable during trades.

The system is widely used across decentralized finance. Curve’s smart contracts are open source, but the license requires proper attribution and compliance with the terms.

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PancakeSwap response and possible resolution

PancakeSwap responded shortly after the post. The exchange said its team would contact Curve directly to discuss the matter. Curve welcomed the response and said it would prefer co-operation over conflict.

“Better to be friends and build together,” Curve wrote in a follow-up message.

The issue appears connected to PancakeSwap’s recent “Infinity StableSwap” upgrade announced earlier in March. The update brings better pricing for stablecoin swaps, with lower slippage and dynamic fees.

Curve cautioned that there may be technical risks if StableSwap code is copied directly or improperly modified. Forks of comparable systems in earlier DeFi projects occasionally encountered vulnerabilities or exploits due to improper code implementation.

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As of right now, it appears that both teams are open to discussing a solution. Curve noted that PancakeSwap could still obtain a proper license and collaborate if it wants to use the technology without legal issues.

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Perplexity AI Predicts the Price of XRP, Solana and Shiba Inu by The End of 2026

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Perplexity AI Predicts the Price of XRP, Solana and Shiba Inu by The End of 2026

Global headlines may be dominated by reports of conflict, but crypto is holding steady. According to projections generated by Perplexity, holders of XRP, SOL, and SHIB could still see significant gains this year.

Many say that geopolitical risk may already have been priced into markets after Donald Trump’s previous warnings about possible U.S. military escalation involving Greenland and Iran earlier this year.

With uncertainty still lingering, we examine how realistic Perplexity’s projections are.

XRP ($XRP): Perplexity Projects a Potential 7x Surge by Year-End

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In a recent update, Ripple reaffirmed that XRP ($XRP) plays a central role in the XRP Ledger’s (XRPL) growth into a global payments infrastructure designed for enterprise use.

Perplexity AI Predicts the Price of XRP, Solana and Shiba Inu by The End of 2026
Source: Perplexity

XRP enables near-instant settlement and extremely low transaction fees, positioning the network to capture two rapidly expanding sectors in crypto: stablecoins and tokenized real-world assets.

With XRP currently trading close to $1.36, Perplexity AI predicts the asset could potentially climb to around $10 in 2026, representing a little over sevenfold return for current HODLers.

XRP’s relative strength index (RSI) currently sits near 42, while price movement has begun stabilized around its 30-day moving average, suggesting perhaps the extended consolidation period is nearing its end.

Several catalysts could further strengthen XRP’s outlook, including rising institutional demand following the launch of U.S.-listed XRP exchange-traded funds, Ripple’s expanding network of international partnerships, and comprehensive crypto legislation (the CLARITY Act) in the United States.

Solana (SOL): Could Solana Soon Hit $700?

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Solana ($SOL) currently secures around $6.7 billion in total value locked and has a market capitalization of $48 billion.

Institutional interest increased after the introduction of Solana-based exchange-traded funds by prominent asset managers such as Bitwise and Grayscale.

However, SOL crashed toward the end of 2025 and spent much of February trading below the $100 mark.

Perplexity sees Solana rising from $84 today to approximately $700 by Christmas. That would give 8x returns and price Solana more than double it’s January 2025 ATH of $293 recorded.

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Moreover, major asset managers like Franklin Templeton and BlackRock have begun issuing tokenized assets on Solana.

Shiba Inu (SHIB): Perplexity Forecasts a Potential 2,000% Rally

Originally launched in 2020 as a tongue-in-cheek Dogecoin challenger, Shiba Inu ($SHIB) has since developed into a broader ecosystem with a market capitalization of $3.2 billion.

Currently around $0.000005359, Perplexity’s analysis suggests that a decisive breakout above the $0.000025–$0.00003 resistance range could trigger strong upward momentum. Under that scenario, SHIB could potentially climb toward $0.00008 before the end of the year.

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Such a move would represent gains of roughly 15x, or around 1,400%, bringing it a hair’s breadth beneath its October 2021 ATH of $0.00008616.

Beyond its meme coin reputation, the project has introduced practical utility through Shibarium, its Ethereum Layer-2 scaling solution. Shibarium delivers faster transactions, lower fees, enhanced privacy features, and improved developer tools for building decentralized applications.

Maxi Doge: Emerging Meme Coin Aims for Rapid Growth

Perplexity’s projection of a potential 14x surge for Shiba Inu reflects expectations that a new meme coin cycle could accompany the next crypto bull market. However, projects at earlier stages often present even greater growth potential.

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One project gaining attention is Maxi Doge ($MAXI), which has already raised $4.7 million through its ongoing presale as early investors accumulate what some believe could become the next Shiba Inu.

Maxi Doge is the loud, louche and degenerate distant cousin to Dogecoin, embracing a comic marketing approach inspired by the chaotic enthusiasm of the 2021 meme coin boom.

MAXI is an ERC-20 asset on Ethereum’s proof-of-stake network, giving it a significantly smaller environmental footprint compared with Dogecoin’s proof-of-work system.

Early participants in the presale can currently stake MAXI for yields reaching up to 67% APY. These rewards gradually decrease as more tokens enter the staking pool.

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The token is currently priced at $0.0002807 during the latest presale phase, with automatic price increases scheduled at each new funding milestone. Investors can purchase the token using supported wallets such as MetaMask and Best Wallet.

Stay updated through Maxi Doge’s official X and Telegram pages.

Visit the Official Maxi Doge Website Here

The post Perplexity AI Predicts the Price of XRP, Solana and Shiba Inu by The End of 2026 appeared first on Cryptonews.

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Kraken rolls out xChange engine to power tokenized stock markets

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Coinbase, Kraken, NYSE, Nasdaq, Stocks, Tokenization, RWA Tokenization

Kraken’s tokenized equities platform xStocks has launched xChange, an onchain trading engine designed to facilitate trading of tokenized stocks across the Ethereum and Solana networks.

According to the company, the system supports trading of more than 70 tokenized equities backed 1:1 by underlying shares held in custody, with prices intended to track the corresponding public market stocks.

The launch adds new trading infrastructure for tokenized equities, part of the broader tokenized real-world asset market that aims to bring traditional financial instruments such as stocks onto blockchain-based trading systems.

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Kraken launched xStocks in June, offering tokenized versions of publicly traded companies issued by Backed Assets, though the products are not available to users in the United States, the United Kingdom or other restricted jurisdictions.

Since then, the platform has recorded $3.5 billion in onchain transaction volume and about $25 billion in total trading volume across exchanges, with about $225 million in tokenized assets held across about 80,000 blockchain wallets, according to company data.

The move from Kraken comes days after the exchange said its banking unit, Kraken Financial, had been granted a limited-purpose master account by the Federal Reserve Bank of Kansas City, giving it direct access to the Fedwire payments network used by banks and credit unions.

Related: Kraken introduces fixed-rate crypto loans for its Pro users

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Traditional and crypto exchanges build rails for tokenized stocks

Kraken is not alone in exploring infrastructure for tokenized securities, as both crypto exchanges and traditional market operators experiment with ways to bring stocks onto blockchain-based trading systems.

In December, Coinbase announced that it plans to launch Coinbase Tokenize, an institutional platform designed to support the issuance and management of tokenized real-world assets, including equities.

About a month later, the owner of the New York Stock Exchange, Intercontinental Exchange, said it is developing a platform to support trading of tokenized securities, including stocks and exchange-traded funds. 

The proposed system would combine the exchange’s existing matching engine with blockchain-based settlement infrastructure and could support round-the-clock trading with near-instant settlement, potentially using stablecoins instead of the current one-day settlement cycle in US equity markets.

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Coinbase, Kraken, NYSE, Nasdaq, Stocks, Tokenization, RWA Tokenization
Total value of tokenized real-world assets by category. Source: RWA.xyz

The London Stock Exchange Group has also said it is developing blockchain-based infrastructure intended to support the trading and settlement of tokenized securities such as equities and bonds.

Nasdaq, meanwhile, has proposed integrating tokenized versions of stocks and exchange-traded products into its existing trading infrastructure, a change that could increase liquidity for tokenized securities if approved by regulators.

Magazine: The debate over Bitcoin’s four-year cycle is over: Benjamin Cowen