Russia’s existing regulatory stance on the cryptocurrency industry would potentially lead the country to “direct financial losses,” the RACIB argued.
Bank of Russia News
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- News
Russia’s central bank is preparing to launch the first consumer pilot for the digital ruble in collaboration with 13 local banks.
16885 - News
Gazprombank, a subsidiary of a state-owned energy corporation, which participates in Russia’s CBDC initiative, fears losing a part of its income as the digital ruble replaces traditional fiat currency.
3622 - News
The country’s central bank will begin studying two possible cross-border CBDC settlement models this quarter.
7955 - News
The Russian government doesn’t want to enable Bitcoin for regular Russian people, but rather exclusively for foreign trade entities.
7136 - News
The Russian central bank supports the idea of legalizing the crypto mining business, but only if miners sell their coins to non-residents of Russia.
5568 - News
Local lawmakers are working on amendments to the existing legislation “On digital financial assets” in consultation with market stakeholders.
14003 - News
Russia’s central bank has released a report on digital assets which looks at how the technology could be integrated into its traditional financial system.
4301 - Analysis
Bitcoin looks suitable for Russia’s crypto cross-border payments at first glance, but there are many reasons why such a choice is highly questionable.
4247 - News
Russia is currently in the pilot phase of its CBDC development and is expected to complete the development by early next year.
6179 - News
Finance Ministry official says an upcoming bill may provide local infrastructure and allow businesses to negotiate the use of cryptocurrencies in international trade on their own.
5260 - News
Russia might become the first country in the world to allow cross-border crypto payments while banning local crypto payments, a fintech expert in the Russian State Duma said.
2777 - News
Historically opposed to the idea of using crypto as a payment method, the Bank of Russia has reportedly agreed to allow cross-border payments in crypto due to geopolitical changes.
18601 - News
The adoption of digital assets provides a good opportunity to ensure uninterrupted payments for imports and exports, Russia's prime minister said.
3251 - News
A new survey hints at a lack of crypto awareness in Russia as only 6% of respondents were found to have a good knowledge of crypto.
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