News with the tag "Central Bank Of Russia"

The Central Bank of the Russian Federation has reportedly released a proposal that if approved, would allow qualified entities to trade crypto assets. In a statement, the central bank proposes a three-year experiment where wealthy investors and certain firms have the greenlight to buy and sell crypt...

Recent reports revealed that Russian companies have begun using Bitcoin and other digital assets in international trade to bypass sanctions. The country’s Finance Minister also shared the government’s plan to expand its crypto use as an alternative for international payment. Russian Companies Use Bi...

A Fellow at the Carnegie Russia Eurasia Center and former adviser at the Central Bank of Russia has weighed in on the digital ruble, Russia’s central bank digital currency (CBDC), highlighting its potential role in reshaping Russia’s financial landscape amid sanctions. While the digital currency cou...

The recent publication by the Central Bank of Russia titled “Digitalization of Payments and Implementation of Innovations in the Payment Market (2024)” has garnered significant attention within the global financial community, particularly due to its mention of Ripple’s cross-border payment system. T...

In a significant development for the global financial and cryptocurrency landscape, the Governor of the Bank of Russia, Elvira Nabiullina, confirmed that the long-anticipated digital rouble is set to be officially launched in July 2025. This announcement was made as part of Russia’s ongoing effort t...

The Bank of Russia has issued a directive for financial institutions to prepare for the integration of the digital ruble. The move aims to incorporate the digital version of the national currency into everyday transactions. This will provide a seamless blend with existing cash and non-cash funds. Mo...

Russia is considering adding the subject of stablecoins to an upcoming bill, allowing them to be used officially for completing cross-border payments. Alexey Guznov, Deputy Chairman of the Bank of Russia, declared that proposals have already been presented and the issue is now being discussed. The M...

Anton Siluanov, the finance minister of Russia, is prepared to discuss the gray areas surrounding cryptocurrency mining and the use of its proceeding for payments. In a recent lecture, Siluanov stated that the government needed to agree “on what can be done with cryptocurrency,” and “what cannot be ...

The Central Bank of Russia and the Russian treasury are considering testing using the Russian CBDC, the digital ruble, to complete budget settlements. The tests would involve using this CBDC to make payments to businesses and citizens and receiving payments from these in CBDC, to ensure the targeted...

The Central Bank of Russia notes a sharp increase in crypto scam and criminal use of cryptocurrency within the country. According to the report, “almost all” illegal schemes in 2023 The post Central Bank Of Russia Noted A Sharp Increase In Crypto Scams And Criminality Within The Country appeared fir...