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Russia

Russia sets 2024 for digital Ruble rollout across banking institutions
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17 August, 2022

Russia sets 2024 for digital Ruble rollout across banking institutions

Russia recently released its "Main Directions for the Unified State Monetary Policy," which highlighted policies for 2023, as well as...
Russia nukes digital assets as payments mechanism
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19 July, 2022

Russia nukes digital assets as payments mechanism

The bill amends certain banking laws to permit the use of digital assets as investment vehicles, with the goal of...
Russia: Lawmaker proposes adding digital assets exchange division to MOEX
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17 July, 2022

Russia: Lawmaker proposes adding digital assets exchange division to MOEX

The head of Russia's State Duma Committee on financial markets, Anatoly Aksakov, has introduced the proposal to launch a regulated...
Russia’s central bank opposes ‘overly risky’ private stablecoins
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16 July, 2022

Russia’s central bank opposes ‘overly risky’ private stablecoins

The Bank of Russia says that stablecoins are risky because the underlying pool of assets doesn’t belong to the user,...
Russia to improve digital assets transaction monitoring as regulations loom
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15 July, 2022

Russia to improve digital assets transaction monitoring as regulations loom

Rosfinmonitoring's head Yuri Chikhanchin said that the agency has been using software to track digital assets transactions and has also...
Russia’s Sber bank completes first digital asset transaction
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14 July, 2022

Russia’s Sber bank completes first digital asset transaction

Sber executed a billion rubles (around $16 million) digital financial asset issuance with its subsidiary SberFactoring as the platform's first...
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