Russia’s largest lender is moving into DeFi and Web3 by integrating its blockchain platform with the Ethereum blockchain.
Russia intends to launch a ‘national crypto exchange’
Local lawmakers are working on amendments to the existing legislation “On digital financial assets” in consultation with market stakeholders.
Russia unlikely to choose Bitcoin for cross-border crypto payments: Analysis
Bitcoin looks suitable for Russia’s crypto cross-border payments at first glance, but there are many reasons why such a choice is highly questionable.
Russia aims to use CBDC for international settlements with China: Report
Russia is currently in the pilot phase of its CBDC development and is expected to complete the development by early next year.
Russian official says bill to give businesses leeway in use of crypto internationally
Finance Ministry official says an upcoming bill may provide local infrastructure, allow businesses to negotiate the use of cryptocurrencies in international trade on their own.
Russia aims to set rules for crypto cross-border payments by year’s end
Russia might become the first country in the world to allow cross-border crypto payments while banning local crypto payments, a fintech expert in the Russian State Duma said.
Bank of Russia agrees to legalize crypto for cross-border payments: Report
Historically opposed to the idea of using crypto as a payment method, the Bank of Russia has reportedly agreed to allow cross-border payments in crypto due to geopolitical changes.
Russian PM takes cue from Iran’s crypto payment permit for imports
The adoption of digital assets provides a good opportunity to ensure uninterrupted payments for imports and exports, Russia’s prime minister said.
Russia plans to roll out digital ruble across all banks in 2024
Bank of Russia started CBDC testing in 2022 and expects to implement an official banking rollout in the year of presidential elections in 2024.
‘Token will defeat cryptocurrency’: Russia debuts palladium-backed stablecoin
Backed by a sanctioned Russian oligarch, Atomyze became Russia’s first legal digital asset manager, obtaining registration from the central bank in February 2022.
The Moscow Exchange is a good base for crypto trading, Russian lawmaker says
MOEX is likely to do a great job in launching a crypto trading division due to its full compliance with the rules of the Bank of Russia, the official said.
Russian central bank exec is OK with crypto mining under one condition
A finance officer believes it is necessary to sell the mined assets abroad to avoid the adoption of crypto in internal payments.
VTB sealed the first deal with digital financial assets in Russia
VTB Factoring acquires a tokenized debt pool of industrial companies via the Lighthouse blockchain.
Bank of Russia backs cross-border crypto payments vs. domestic trade
Cryptocurrencies can be used in cross-border or international payments only if they don’t get into Russia’s domestic financial system, the Bank of Russia governor said.
Russian bank Sber to complete its first digital currency deal
Sber was initially planning to launch its blockchain-enabled digital asset platform and the Sbercoin stablecoin by spring 2021.
Russian central bank signals agreement with crypto law revisions: Report
A top Russian central bank official said at a press conference that the monetary authority will permit foreign trade with crypto.
Russia will inevitably legalize crypto payments says trade minister
“The question is when this will happen, how it will happen and how it will be regulated. Now both the Central Bank and the government are actively engaged in this,” said trade minister Denis Manturov.
Binance blocks crypto accounts of relatives tied to the Russian government
Binance blocked the account of the Kremlin spokesman’s daughter when she tried to use the exchange following the economic sanctions imposed upon Russia.
Russian central bank needs to ease up digital asset projects, governor says
Elvira Nabiullina is concerned about the Bank of Russia not treating digital asset projects softly enough to attract funding and maintain the economy.
Russia to include crypto into its tax code: Here is what the rules might look like
Amendments to the tax code have passed the first round of parliamentary consideration in February.