Bank of Russia News

According to Russian crypto advocates, the existing laws “do not meet the needs” of the cryptocurrency market.

The digital ruble will become an integral part of national settlements by 2023 or 2024, Anatoly Aksakov of the Russian State Duma predicted.

The Bank of Russia hopes to complete a prototype platform for a digital ruble by the end of 2021.

Retail users may have to wait in much of the world, however.

Sberbank has applied with the Central Bank of Russia to launch a blockchain platform for its “Sbercoin” stablecoin.

Anatoly Aksakov of the Russian State Duma suggested that global jurisdictions should ban Bitcoin as a payment method.

The Association of Russian Banks is worried about regulators being unable to track illicit transactions of an offline-enabled digital ruble.

With the declared intent of reducing risk, the moves look to cut new investors off from opportunities to get out of the ruble.

The digital ruble will, most likely, take the place of other forms of money, but the intrigue is which ones: non-cash or cash?

Russia's central bank wants the digital ruble to help businesses by cutting out financial middlemen.

Russia wants to follow China’s approach of banning private stablecoins pegged to its national fiat currency.

With new legislation on digital assets coming into effect in a month, Russian financial institutions are looking to act.

The Ministry of Finance is proposing harsh prison sentences for crypto holders, but what about shadow exchanges and darknet criminals?

The pandemic-induced crisis is galvanizing new trends across all aspects of the global economy, including digital currencies.

Russia’s digital ruble will not have the same level of anonymity as cash, says official.