Bank of Russia Archives

Bank of Russia

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...

Russia reconsiders stance on use of digital assets after past prohibitions

Business

Wahid Pessarlay

9 September, 2022

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...

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

Business

Steve Kaaru

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,...

Russian investors will have to take an exam to invest in digital assets

Business

Steve Kaaru

24 February, 2022

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,...

Russian Finance Ministry introduces digital asset draft law despite central bank objection

Business

Steve Kaaru

23 February, 2022

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...

Russia to treat Bitcoin as a currency, weeks after proposed blanket ban

Business

Steve Kaaru

11 February, 2022

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...

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Steve Kaaru

22 Nov 2024

Bank of Russia

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