Russia

Russia’s largest lender Sberbank joins CBDC pilot
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15 January, 2025

Russia’s largest lender Sberbank joins CBDC pilot

Sber was excluded from the first pilot in August 2023 but joined the latest batch, with the largest digital bank,...
Ukraine counters Russia’s cross-border digital assets use
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3 January, 2025

Ukraine counters Russia’s cross-border digital assets use

Ukraine recently announced "sanctions and other solutions" to prevent Russia from using digital assets for international payments.
Russia’s CBDC faces opposition; T-Bank dabbles in tokenization
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30 December, 2024

Russia’s CBDC faces opposition; T-Bank dabbles in tokenization

Consumer-to-business payments will be free over the next year, while B2B and C2C payments will be free permanently. Banks say...
Access to global Internet in 3 Russian regions shuts down
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20 December, 2024

Access to global Internet in 3 Russian regions shuts down

Citizens of Dagestan could not access any Internet resources located outside Russia for 24 hours; days later, Russia banned messaging...
Russian lawmaker proposes strategic BTC reserve
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18 December, 2024

Russian lawmaker proposes strategic BTC reserve

The legislator urged the finance minister to explore the feasibility of a BTC reserve, noting that ‘crypto’ remains Russia’s only...
Russia now treats digital assets as property as CBDC faces delay
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5 December, 2024

Russia now treats digital assets as property as CBDC faces delay

Russia's new law caps the tax on digital asset profits at 15%; meanwhile, the Trade Ministry argues that retail outlets...
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