PANews reported on November 18th that, according to DL News, the Russian Constitutional Court is hearing a case concerning a loan dispute involving 1,000 USDT, with the core issue being whether citizens have property rights to stablecoins (such as USDT). Previously, three courts ruled that USDT is not subject to Russia's "Digital Financial Assets" (DFA) regulations, prompting the plaintiff to appeal to the Constitutional Court. The case has attracted significant attention from the Central Bank of Russia, the Ministry of Finance, and anti-money laundering agencies. The court will issue a closed-door ruling within several weeks. If the ruling finds that stablecoins are not subject to DFA, it may make them more suitable for everyday transactions, but their legal protection will be limited.PANews reported on November 18th that, according to DL News, the Russian Constitutional Court is hearing a case concerning a loan dispute involving 1,000 USDT, with the core issue being whether citizens have property rights to stablecoins (such as USDT). Previously, three courts ruled that USDT is not subject to Russia's "Digital Financial Assets" (DFA) regulations, prompting the plaintiff to appeal to the Constitutional Court. The case has attracted significant attention from the Central Bank of Russia, the Ministry of Finance, and anti-money laundering agencies. The court will issue a closed-door ruling within several weeks. If the ruling finds that stablecoins are not subject to DFA, it may make them more suitable for everyday transactions, but their legal protection will be limited.
The Russian Constitutional Court will rule on whether USDT has "property rights," potentially setting a judicial precedent for stablecoins.
PANews reported on November 18th that, according to DL News, the Russian Constitutional Court is hearing a case concerning a loan dispute involving 1,000 USDT, with the core issue being whether citizens have property rights to stablecoins (such as USDT). Previously, three courts ruled that USDT is not subject to Russia's "Digital Financial Assets" (DFA) regulations, prompting the plaintiff to appeal to the Constitutional Court. The case has attracted significant attention from the Central Bank of Russia, the Ministry of Finance, and anti-money laundering agencies. The court will issue a closed-door ruling within several weeks. If the ruling finds that stablecoins are not subject to DFA, it may make them more suitable for everyday transactions, but their legal protection will be limited.
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