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Tag: Russian central bank

Russian Central Bank Attributes Recent Ruble Depreciation to Lower Forex Sales by Exporters

The Russian central bank has attributed the ruble’s latest plunge against the U.S. dollar to the temporary reduction “in sales of foreign currency...

Russian lawmakers approve first reading of draft laws establishing CBDC regulation, issuance

According to local media reports, the Russian State Duma approved draft laws establishing a system to issue and regulate central bank digital currencies (CBDC)...

Sberbank Executive Touts Blockchain for Russia

An official at Russia’s biggest bank, Sberbank, has proposed that the use of blockchain technology is the direction in which the nation should go...

Russian bank issues first on-chain bank guarantee in Chinese yuan

Moscow Credit Bank has issued a blockchain-based bank guarantee denominated in Chinese currency, claiming the product is the first in the country. The bank...

Bank of Russia to Debut Digital Ruble in April 2023

The first consumer pilot for the nation’s central bank digital currency (CBDC) will be rolled out by the Bank of Russia on April 1,...

Russia largest bank is moving forward with the plan

Sberbank, the biggest bank in Russia, is pushing ahead with the plan to deploy its decentralised financing (DeFi) platform. The bank is now getting...

Banks in Russia to Lose $700 Million a Year Due to Digital Ruble, Experts Say

Russian banks may be the main losers from the introduction of a digital ruble while retailers will save on acquiring fees, analysts have predicted....

The Studies that Turned Bitcoin into an Asset Class

Many studies have little effect except at the edges, but some studies change the world, in this case the bitcoin world. Amid tainted coverage in...

Bank of Russia Outlines Payment Models With Digital Ruble, Other CBDCs

The Central Bank of Russia has detailed two methods for implementing the digital ruble and other state-backed coins in international settlements. The monetary...

As Financial Surveillance Intensified In 2022, Bitcoin Is Needed By Individuals And Nations Alike

This is an opinion editorial by Kudzai Kutukwa, a financial inclusion advocate who was recognized by Fast Company magazine as one of South Africa’s...

Russia’s crypto mining bill could be finalized in January 2023

Russia’s cryptocurrency mining bill, which would legalize crypto mining and the sale of mined crypto, could be approved by January, according...

Russia will build a crypto exchange

The process of establishing a national cryptocurrency exchange is now being worked on by legislators in Russia, who are actively writing amendments. It has been...

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