Russia’s parliament makes changes to its draft bill on CBDCs
The changes to the CBDC draft bill include debt operation, the Russian central bank’s participation, and the access of the digital ruble to foreigners.
Latest Bank of Russia News
Russia’s central bank to create block reward mining entities to circumvent sanctions: report
Bank of Russia Gov. Elvira Nabiullina told members of the State Duma that the banking regulator had approved a pilot for mined digital assets to be used in settling international transactions.
Bank of Russia to pilot digital ruble with real transactions in April
For the first time, Russia will move ahead with its central bank digital currency pilot program involving 13 banks and customers, and this time, the digital ruble will be used in real transactions.
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 in the coming months.
Russia reconsiders stance on use of digital assets after past prohibitions
Following a barrage of sanctions and an ongoing row with the West, Russia is reportedly seeking to diversify its payment transactions with virtual currencies while mulling regulations to prevent misuse.
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, and there’s no guarantee of redemption.
Russian investors will have to take an exam to invest in digital assets
The Ministry of Finance submitted a new draft bill in parliament that will license exchanges, make Bitcoin a legal asset, and require online exam for investors.
Russian Finance Ministry introduces digital asset draft law despite central bank objection
The Finance Ministry has opened a public feedback period until mid-March on a piece of legislation that will make Bitcoin legal in Russia.
Russia to treat Bitcoin as a currency, weeks after proposed blanket ban
A new document by the Russian government, supported by the central bank, has dispelled fears of a blanket ban, weeks after the bank proposed a total ban.
Bank of Russia to allow digital currency investment, but only via foreign firms
Deputy Governor Vladimir Chistyukhin said the bank will not bar investors from getting into digital currencies, in contrast with earlier reports that the central bank was seeking to ban digital currencies.
Bank of Russia plans to ban digital currencies
Governor Elvira Nabiullina addressed digital currencies and central bank’s attitude towards the industry, which has been receiving mixed signals from government authorities in the country.
Bank of Russia bans mutual funds from investing in digital currencies
The Russian central bank had previously suggested that mutual funds should stay away from digital currencies, but has now made it an official prohibition.