2023-2-9 15:00 |
Gazprombank, a subsidiary of a state-owned energy corporation, which participates in Russia’s CBDC initiative, fears losing a part of its income as the digital ruble replaces traditional fiat currency. origin »
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Russia’s central bank plans to create new institutions to mine crypto assets and settle international payments.
Local lawmakers are working on amendments to the existing legislation “On digital financial assets” in consultation with market stakeholders.
A top Russian central bank official said at a press conference that the monetary authority will permit foreign trade with crypto.
Mutual funds in Russia will not be allowed to provide crypto exposure to qualified or unqualified investors.
The Russian Central Bank has never been a fan of cryptocurrencies. Central bank governor Elvira Nabiullina has adopted a hardline stance against cryptocurrencies in Russia, so her latest statement regarding the fate of a national cryptocurrency in the country doesn’t come across as a surprise.