CIS Region Crypto Assets Ecosystem and Digital Finance Ambitions

In March 2025, a small Crypto Assets exhibition was held in Moscow. Although it was not large in scale, the exhibition attracted attention from various sectors including government, industry, technology, and finance. In the current geopolitical situation, the CIS( region is seeking to break through financial blockades through stablecoins and blockchain technology.

Observation of the Moscow Crypto Summit Exhibition

Although the scale of the exhibition is small, it has distinct regional characteristics. The composition of exhibitors reflects the current state of the blockchain industry in the CIS.

• 40% are Chinese mining machine sales merchants, monopolizing the CIS mining market
• 25% for Crypto Assets exchanges, including international and local platforms
• 15% provides cross-border payment and asset transfer services
• 10% for KOLs, media, and industry associations
• The rest are small projects such as compliance services.

The overall atmosphere highlights the closed and localized characteristics of the CIS market. However, the mining business performed impressively, reflecting Russia's supportive attitude towards mining. Although the exhibition was small, it received high attention from the Russian side, with several high-ranking officials participating and setting the tone for policy direction.

Interpretation of CIS Region Encryption Policy

Under the pressure of sanctions, Russia is gradually forming a unique Crypto Assets policy path:

1. Incorporate Crypto Assets into the "de-dollarization" strategy and develop local stablecoins.
2. Improve legal regulation and open special administrative regions for compliance pilot projects
3. Strengthen cooperation with BRICS countries to build a multilateral anchored cross-border settlement framework.

Overall, Russia is shifting from defensive responses to strategic deployments, attempting to reconstruct financial sovereignty through digital technologies.

Local Stablecoin Projects

) A7A5 stablecoin

• Pegged to the Ruble at 1:1, issued by Old Vector Company
• Issued on Ethereum and TRON networks
• The reserve fund is deposited in the Industrial Bank of Russia.
• Equipped with freezing and destruction functions, with reserve reports published weekly.
• Can generate passive income, 50% of overnight deposit earnings are distributed to holders
• Has been listed and is trading on exchanges such as Garantex.

Kyrgyzstan USDKG

• Gold-backed stablecoins, an alternative to CBDC solutions
• Audited by Consensys Diligence
• Use Gnosis Safe multi-signature management
• Aimed at attracting foreign investment and improving the transparency of capital flow.

Russia's Crypto Regulation Trends

• The "Digital Financial Assets Law" recognizes the legal status of digital assets.
• The draft of the "Digital Currency Law" still has differences.
• Plan to pilot Crypto Assets financial services in the Special Administrative Region
• Proposal to establish a three-year dedicated experimental legal system ###ELR(
• Allow "special qualified" investors to participate in encryption trading
• Support the limited use of Crypto Assets in foreign trade.

International Cooperation and Cross-Border Payments

• Attach importance to cooperation with BRICS countries and promote mutual recognition of multilateral stablecoins.
• Enterprises establish legal entities through friendly countries and issue private chain stablecoins.
• Build a regional financial network that does not rely on the US dollar