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Russia

Russian parliament approves VAT exemption for digital currency issuers
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4 July, 2022

Russian parliament approves VAT exemption for digital currency issuers

The State Duma approved the draft law in the second and third readings but will still need to be approved...
Russia pushes plans for digital ruble to replace SWIFT
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3 July, 2022

Russia pushes plans for digital ruble to replace SWIFT

Olga Skorobogatova, first deputy chairman of the CBR, said the time horizon for a fully fleshed out and functioning digital...
Russia exploring CBDC for settlements of real estate deals
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30 June, 2022

Russia exploring CBDC for settlements of real estate deals

Testing state-backed digital currency for real estate settlements is already ongoing, along with testing for use in making regular payments...
Russia’s CBR governor endorses digital currencies for use in international settlements
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22 June, 2022

Russia’s CBR governor endorses digital currencies for use in international settlements

Elvira Nabiullina remarks indicates that Russia may soon roll out its support for digital currencies in international settlements as the...
Russia’s Sber bank first digital assets transaction scheduled for July
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19 June, 2022

Russia’s Sber bank first digital assets transaction scheduled for July

Sber—formerly Sberbank—is set to begin issuing and trading digital financial assets on its in-house digital assets platform, with first transaction...
Russian bill banning use of digital assets as payment passes first reading
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18 June, 2022

Russian bill banning use of digital assets as payment passes first reading

The bill proposes to directly prohibit the use of digital financial assets and utilitarian digital rights as a payment method...
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