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Russia in the Process of Regulating the Use of Stablecoins for Cross-Border Settlements

[Jul 4 10:09 PM] Russia is considering adding the subject of stablecoins to an upcoming bill, allowing them to be used officially for completing cross-border payments. Alexey Guznov, Deputy Chairman of the Bank of Russia, declared that proposals have already been…

Russia to Clarify Cryptocurrency Mining Gray Areas, Including Payments

[Mar 27 2:00 AM] Anton Siluanov, the finance minister of Russia, is prepared to discuss the gray areas surrounding cryptocurrency mining and the use of its proceeding for payments. In a recent lecture, Siluanov stated that the government needed to agree “on…

Russia Discusses Testing Digital Ruble for Budget Payments

[Mar 27 12:00 AM] The Central Bank of Russia and the Russian treasury are considering testing using the Russian CBDC, the digital ruble, to complete budget settlements. The tests would involve using this CBDC to make payments to businesses and citizens and receiving…

Central Bank of Russia Discusses Digital Ruble Integration With Other Countries

[Jul 22, 2023 3:00 AM] The Central Bank of Russia (CBR) is already discussing the integration of its central bank digital currency (CBDC), the digital ruble, with other countries’ payment systems. Elvira Nabiullina, Governor of the CBR, declared the bank was…

Russian State Duma Passes Digital Ruble Law

[Jul 13, 2023 4:30 AM] The State Duma, the lower house of the Russian Federal Assembly, discussed and passed the Digital Ruble law in its second and third discussion on July 11. The law will allow the Central Bank of Russia, as the sole regulator of the proposed digital…

Central Bank of Russia: Digital Ruble Could Be Launched as Soon as 2025

[Jul 8, 2023 5:30 AM] Olga Skorobogatova, first deputy chairman of the Central Bank of Russia, indicated that the launch of the digital ruble, the Russian central bank digital currency (CBDC), could happen in 2025. The pilot test for the CBDC will be organized later…

State Duma Chairman of Financial Markets Committee: Russia to Exert ‘Serious’ Control Over Crypto After Legalization

[Jun 28, 2023 12:00 AM] Anatoly Aksakov, chairman of the Financial Markets Committee of the State Duma, the lower chamber of the Federal Assembly in Russia, has remarked that the government intends to hold “serious” control over crypto after it is legalized…

Digital Ruble Law Likely to Be Passed in June According to Russian Official

[May 18, 2023 11:30 PM] The digital ruble law project, which was already discussed and approved in its first reading, could be passed in June, according to Anatoly Aksakov, chairman of the Duma’s Financial Markets Committee. The Bank of Russia is currently waiting for the…

Household Crypto Holdings Included in Bank of Russia’s Consumer Finance Survey

[Apr 2, 2023 11:30 PM] The Central Bank of Russia has added crypto asset holdings of households to its survey of consumer finances. The statistics reveal that Russian families keep more money in cryptocurrency wallets than in gold investment accounts or mutual funds…