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Russia

Russia studying CBDCs for cross-border payments amid tightening sanctions
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13 January, 2023

Russia studying CBDCs for cross-border payments amid tightening sanctions

Efforts to launch the digital ruble are already in place, with testing client-to-business (C2B) operations by selected financial institutions scheduled...
Digital ruble bill submitted to Russia’s State Duma
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4 January, 2023

Digital ruble bill submitted to Russia’s State Duma

The new draft bill seeks to make the Bank of Russia the “sole operator” of the digital ruble to the...
Russia’s largest bank turns its sights to gold-backed digital financial assets
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31 December, 2022

Russia’s largest bank turns its sights to gold-backed digital financial assets

Sber says digital financial assets are "great alternatives" to regular investments, with a format of "digital gold" with the potential...
Alleged leader of Russian Ponzi scheme nabbed after costing investors nearly $100M
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13 December, 2022

Alleged leader of Russian Ponzi scheme nabbed after costing investors nearly $100M

Edvard Sabirov's extradition is making headways following his arrest on suspicion of being involved in a digital asset Ponzi scheme,...
Russia’s central bank to prohibit miners from selling digital assets to Russians
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13 December, 2022

Russia’s central bank to prohibit miners from selling digital assets to Russians

The Bank of Russia adopted a negative stance towards the sale of virtual currencies to Russian citizens under the draft...
Russia’s plans for national digital asset exchange lies in the hands of 2 key agencies
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29 November, 2022

Russia’s plans for national digital asset exchange lies in the hands of 2 key agencies

Russia is considering a national digital asset exchange subject to the approval of the Central Bank of Russia and the...
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