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...
CBDCs could end SWIFT, Russia’s central bank executive says
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14 July, 2023

CBDCs could end SWIFT, Russia’s central bank executive says

First Deputy Governor of the Bank of Russia Olga Skorobogatova said the digital ruble project will advance in stages, modeled...
Russia’s largest commercial bank allows customers access to tokenized assets
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17 June, 2023

Russia’s largest commercial bank allows customers access to tokenized assets

Russian banking giant Sberbank’s new offering will commence before the end of June and will cater to the needs of...
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...
Georgian banking regulator to tighten AML screws for digital currency firms
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6 June, 2023

Georgian banking regulator to tighten AML screws for digital currency firms

Acting Governor of the NBG Archil Mestvirishvili confirmed that the Georgian central bank would float new anti-money laundering (AML) directives...
Russian gov’t shelves plan for national digital currency exchange
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3 June, 2023

Russian gov’t shelves plan for national digital currency exchange

The previous national digital currency exchange plans drew criticisms over its infrastructure risks and antitrust issues, as well as privacy...
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