The Russian central bank plans to allow the circulation of digital financial assets on public chains like Ethereum to attract foreign investment and break through sanctions

According to the "News" report, the Central Bank of Russia has submitted a proposal to the government to allow digital financial assets (ЦФА) to circulate in open networks such as Ethereum, with a related legal draft planned to be released in the summer of 2026.

This initiative aims to attract foreign capital from Asia, the Middle East, and Latin America in the context of sanctions, and to promote cross-border settlements. The Russian ЦФА market has grown from 44 billion rubles to 1.5 trillion rubles over the past three years, but it is still primarily driven by domestic demand. Analysts expect that if the relevant regulations are implemented, the market size could reach 12 to 13 trillion rubles by 2030.