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Bank of Russia

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...
Russia reconsiders stance on use of digital assets after past prohibitions
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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
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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,...
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