Bank of Russia Financial News

12.07 / 09:19

CBDC Adoption Bank of Russia Ruble Russian parliament passes digital ruble bill

Russia's central bank digital currency (CBDC) project, the digital ruble, has taken a step closer to reality. On July 11, the lower chamber of the Federal Assembly of the Russian Federation, the State Duma, passed the digital ruble bill in the third reading. The legislation now moves to the assembly's upper chamber, the Federation Council, and if passed, the president's desk.

25.08 / 11:15

CBDC Adoption Bank of Russia Only 17% of Russians would agree to store more than $200 in CBDC

According to a recent survey, conducted by the joint team of Saint Petersburg Exchange and the Russian Trading System (RTS), more than half of Russian citizens are willing to store their money in a central bank digital currency (CBDC). However, when it comes to storing more than 20,000 rubles (roughly $212), only 17% trust digital ruble.

09.08 / 14:05

Blockchain CBDC Adoption Tokens Bank of Russia Russia to begin CBDC trials with 13 banks

The Bank of Russia (BoR) has revealed that it will begin testing operations for Russia’s central bank digital currency (CBDC) project with digital rubles. The test will begin on Aug. 15.

04.08 / 08:37

CBDC Adoption regulation Bank of Russia Bank of Russia presents digital ruble’s logo and commission fees

The central bank digital currency (CBDC) project, being developed by the Bank of Russia has now got its official logo. The Bank of Russia has also published commission fee rates, which would exceed zero points only in 2025.

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.

24.05 / 07:17

CBDC Adoption regulation Bank of Russia lawmakers Ruble Russian lawmakers propose amendments to digital ruble bill

As the digital ruble project proceeds through Russian parliamentary hearings, lawmakers have proposed significant amendments to the bill, aiming to change the original document regarding debt operations, services for non-residents and the role of the central bank.

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.

29.03 / 08:29

CBDC Adoption regulation Bank of Russia testing Ruble Russia delays digital ruble launch testing due to lawmaking process

The rollout of The Bank of Russia’s central bank digital currency (CBDC) pilot is being delayed for an indefinite period. Although all the participants, at least from the banking side, reassure of their readiness to begin the testing.

08.03 / 14:29

regulation Bank of Russia Bitcoin regulatory Russian crypto advocates urge Putin to stop regulatory hostility

As Russia continues to delay adopting cryptocurrency regulations, local advocates have appealed to Russian President Vladimir Putin to change the government’s approach to regulating the market.

17.02 / 17:43

CBDC Adoption regulation Central Bank Bank of Russia Russia to roll out CBDC pilot with real consumers in April

The Bank of Russia is preparing to roll out the first consumer pilot for the nation’s central bank digital currency (CBDC) on April 1, 2023.

08.02 / 15:21

CBDC Adoption Bank of Russia Russia’s Gazprombank recommends slow CBDC rollout fearing loss of income

Gazprombank, a subsidiary of the leading Russian government-owned gas company, Gazprom, publicly proposed giving banks more time before implementing the digital ruble. The country’s central bank digital currency (CBDC) project has been accelerating due to global financial sanctions amid geopolitical tensions.

19.09 / 20:17

regulation Bank of Russia businesses Russian official says bill to give businesses leeway in use of crypto internationally

A Russian Finance Ministry official has provided new details about a bill on digital currencies that is currently being drafted.

09.02 / 15:49

cryptocurrency Bank of Russia Russia likely to recognise crypto as form of currency: Report

Russia is likely to recognise cryptocurrency as a form of legal currency, local media reports said on February 9, adding that the country's central bank and the government have arrived at an agreement for the regulation of the virtual asset.

24.01 / 08:51

regulation Ban Bank of Russia Russian tech and political executives denounce crypto ban proposal

Russia’s recent ban on crypto has drawn criticism from a number of big names, including Alexei Navalny’s chief of staff Leonid Volkov, and Telegram founder Pavel Durov.

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