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Bank of Russia

Russia passes CBDC legislation as digital ruble pilot prepares for takeoff
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20 July, 2023

Russia passes CBDC legislation as digital ruble pilot prepares for takeoff

The CBDC bill, supporting the creation of a digital ruble pilot, amended certain parts of the Russian civil code and...
Rosbank to allow use of digital currencies in settling cross-border transactions
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11 June, 2023

Rosbank to allow use of digital currencies in settling cross-border transactions

Russia pushes ahead with using digital currencies amid economic sanctions, with Rosbank devising plans to use them as cross-border transactions...
Russia’s parliament makes changes to its draft bill on CBDCs
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28 May, 2023

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...
Russia’s central bank to create block reward mining entities to circumvent sanctions: report
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23 April, 2023

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...
Bank of Russia to pilot digital ruble with real transactions in April
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24 February, 2023

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...
Russia studying CBDCs for cross-border payments amid tightening sanctions
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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...
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