Elvira Nabiullina News

25.07 / 10:01

CBDC Digital Citizens Platform show country Ruble Putin Signs Digital Ruble Law, Greenlighting Russia's Central Bank Digital Currency

Russian President Vladimir Putin has officially signed a bill that will introduce a digital version of the country's national currency.

24.07 / 13:57

CBDC Adoption regulation Bank of Russia Ruble Putin signs law on introduction of digital ruble in Russia

Russia is moving forward with its central bank digital currency (CBDC) as President Vladimir Putin signed the digital ruble bill into law on July 24, according to an official government document.

21.07 / 11:05

COST Reuters show Russian central bank hikes key interest rate by 100 bps to 8.5%

central bank raised its key interest rate by 100 basis points to 8.5% on Friday, raising the cost of borrowing as the weak rouble stoked inflationary risks from a tight labour market and strong consumer demand. It was the first time the bank had lifted rates in more than a year, having gradually reversed an emergency hike to 20% made in late February last year after Russia's decision to send tens of thousands of troops into Ukraine, which saw the West impose sanctions on Moscow. It had previously held rates at 7.5% since the last cut in September.

19.07 / 14:41

CBDC Adoption regulation Banks Central Bank banking Ruble Russian CBDC by 2025? What’s happening with the digital ruble

The Central Bank of the Russian Federation’s (CBR) central bank digital currency (CBDC) project has been developing rapidly. The first news about the initiative appeared in 2020, and a regulatory bill was introduced in 2022, which has now passed through its final reading in the parliament’s lower chamber, the Duma.

21.04 / 15:41

Digital Progressive Platform RIG crypto mining Two Russian Crypto Laws Could Roll Out in June – Here’s What You Need to Know About Them

Russian lawmakers could finally end the country’s long wait for crypto regulation – with two bills reportedly ready for adoption as early as June.

20.04 / 13:31

CBDC Adoption regulation Banks Central Bank banking foreign Foreign trade and pensions: What’s next for Russia’s CBDC project?

The pilot for Russia’s central bank digital currency (CBDC) pilot should have been launched on April 1, but it was delayed at practically the last moment due to the slow pace of the necessary associated legislation passing through parliament.

19.04 / 21:09

business Adoption regulation Bank of Russia BRICS settlement Cross-border Bank of Russia to set up entities for crypto mining and cross-border settlement: Report

Russia is taking further steps to mitigate global sanctions in place since the invasion of Ukraine in 2022. According to local media reports, the country's central bank plans to create new institutions to mine crypto assets and settle international payments.

18.04 / 13:23

Digital Central Bank International Russian Central Bank OKs ‘Experimental’ Use of Crypto in International Trade – More Crypto Adoption Incoming?

The Russian Central Bank has said it is prepared to allow trading firms to do international business in a controlled “experimental” environment.

01.03 / 18:03

Binance Digital Platform Central Bank Financial Legalizing Crypto Will Undermine Russian Financial System, Warns Central Bank

Legalizing crypto could “fundamentally” undermine Russia’s financial system, the nation’s Central Bank has warned.

13.02 / 19:31

COST CBDC Digital Strategy Bitcoin CBDC Launch ‘May Cost Russian Banks $684m a Year’

Russian commercial banks will lose $684 million a year if the nation’s Central Bank launches a central bank digital currency (CBDC), experts have claimed.

16.12 / 17:41

regulation Investments Bitcoin foreign Only for foreign trade: Bank of Russia stands against free crypto investment

The Russian central bank is ready to consider allowing cryptocurrency use within the country but only as part of a legal experiment, governor Elvira Nabiullina said.

10.11 / 13:59

BLOCK Digital Central Bank Bitcoin Russian Central Bank Still Saying No to Use of Crypto in Settlements

Russia’s Central Bank has thrown another spanner into the crypto adoption plans of the nation’s pro-business Ministry of Finance – by saying it still opposes the use of coins in settlements and “accounting” scenarios.

06.09 / 14:47

Digital Cross-border Russia’s Finance Ministry, Central Bank Agree To Legalize Cross-Border Crypto Payments

Ending a long-term dispute, Russia’s Ministry of Finance has announced it has reached an understanding with the Bank of Russia, the country’s central bank, over the legalization of cross-border payments in cryptocurrencies.

17.06 / 13:25

regulation Central Bank Bitcoin Russian Central Bank Ready to Make Crypto Regulation Concessions, Hints Governor

Russia’s Central Bank chief Elvira Nabiullina has stated that she is prepared to allow the nation to do business in crypto – as long as it does not enter the Russian financial system and is only used in international settlements. But the country’s finance ministry, which favors legalization and regulation, is hopeful of reaching a compromise with the bank.

16.06 / 16:11

Adoption regulation Bitcoin Cross-border Bank of Russia backs cross-border crypto payments vs. domestic trade

Russia’s central bank governor Elvira Nabiullina is the latest official to confirm that the country is warming to the idea of cryptocurrency payments, but not domestic ones.

09.06 / 16:29

cryptocurrency Adoption Bitcoin New Law Will Ban Crypto Pay in Russia (Again) as Miners Struggle to Convince Central Bank to Legalize Industry

Crypto advocates are still facing an uphill struggle in Russia – where MPs are expected to vote in favor of a proposal that will ban the use of “monetary surrogates” as a form of payment. And it appears that crypto miners are yet to persuade the influential Central Bank Governor Elvira Nabiullina that their industry should not be banned.

27.05 / 20:11

cryptocurrency Money Bank International Russia considers allowing cryptocurrency for international payments as sanctions over Ukraine bite

Russia is considering allowing cryptocurrency to be used for international payments, Interfax news agency quoted a government official saying on Friday.

27.05 / 19:01

Adoption Payments sanctions International Amid sanctions, Russia weighs crypto for international payments: Report

The Russian Federation is reportedly considering accepting cryptocurrencies for international payments in response to Western sanctions against the country that were prompted by its full-scale invasion of Ukraine earlier this year.

19.05 / 17:41

cryptocurrency Adoption Central Bank Russia to Legalize Crypto for Payments 'In Some Format or Other' - Minister

As Russia’s brutal invasion of Ukraine continues to weigh on the Russian economy, Moscow will sooner or later decide to legalize cryptoassets as a means of payment, as indicated by the country’s Industry and Trade Minister Denis Manturov.

19.05 / 08:51

cryptocurrency Digital CryptoExplainer Russia Will Legalise Cryptos As A Payment Method 'Sooner Or Later': Minister

Russia to legalise cryptocurrency as means of payment 'sooner or later' - minister

19.05 / 08:47

cryptocurrency Digital Currency Bitcoin Russia to legalise Bitcoin and other cryptocurrencies for payments 'sooner or later' says minister

Russia will sooner or later legalise cryptocurrencies as a means of payment, Industry and Trade Minister Denis Manturov said on Wednesday, suggesting that the government and central bank may be moving closer to settling their differences.

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