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 transaction on July 9.
Sber executed a billion rubles (around $16 million) digital financial asset issuance with its subsidiary SberFactoring as the platform's first transaction on July 9.
The diplomats requested several of the 31 licensed digital assets exchanges and miners in Japan to halt their operations in Russia; Japan's Financial Services Agency backed the requests.
Meta is shutting down its Novi wallet. The social media company is asking its users to withdraw their funds—either by transferring them to their bank accounts or withdrawing them as cash.
The State Duma approved the draft law in the second and third readings but will still need to be approved by the Upper House and signed by President Vladimir Putin before it can become a law.
Olga Skorobogatova, first deputy chairman of the CBR, said the time horizon for a fully fleshed out and functioning digital ruble is an estimated three years.
Testing state-backed digital currency for real estate settlements is already ongoing, along with testing for use in making regular payments for goods and services, according to local news reports.
Elvira Nabiullina remarks indicates that Russia may soon roll out its support for digital currencies in international settlements as the government has been dropping hints about the plans.
Sber—formerly Sberbank—is set to begin issuing and trading digital financial assets on its in-house digital assets platform, with first transaction to take place around mid-July.
The bill proposes to directly prohibit the use of digital financial assets and utilitarian digital rights as a payment method for transferring goods and services in Russia.
The proposals in the law include a tightening of the guidelines for user identification and a ban on anonymous accounts, and also places new obligations on digital currency exchanges.
Rostec, a state-owned defense conglomerate in Moscow, has announced that it has developed a blockchain platform that can be used for international settlements.
The new bill introduced by the head of the House Financial Markets Committee, Anatoly Aksakov, proposes to clarify that only the Russian ruble is a unit of payment in the country.