2020-12-4 15:27 |
A Russian cryptocurrency and blockchain association warns the Bank of Russia against centralizing the digital ruble. origin »
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Even as Russia gears up to launch its digital ruble, some of the country’s top bankers still aren’t sold on the idea. As Russia moves closer to launching its own digital currency, questions are starting to grow louder about whether…
2025-7-7 14:17 | |
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Bank of Russia’s chief signals a slow path to digital ruble adoption, as scaling is expected no earlier than 2025, with mass usage transition anticipated over five to seven years. Scaling of Russia‘s digital ruble following the pilot project is…
2024-4-8 13:24 | |
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Digital ruble: Recently, Russia began testing a new type of money. The prototype was presented at the end of 2021. What happens next? The post Digital Ruble: 5 Unobvious Consequences of a Launch in Russia appeared first on BeInCrypto.
2022-5-18 09:17 | |
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Some Russian regulators propose a blanket ban on digital asset trading, but the country is too far along the path of crypto adoption.
2020-6-23 06:00 | |
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After three years of development, the Cambodian national digital currency may be out later this month, according to a recently released whitepaper. The permissioned blockchain-based payments system differs from the central bank digital currencies, also known as CBDCs, being offered by several states, including China and Russia, the paper states.
2020-6-22 21:04 | |
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Telegram’s digital resistance in Russia will contribute to further anti-censorship efforts in countries like China and Iran, Pavel Durov says.
2020-6-22 15:36 | |
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Peer-to-peer cryptocurrency trading data shows digital assets like bitcoin are growing extremely popular in Russia, despite the State Duma’s opinions and regulations aimed at crypto assets. On Monday, the Russian government published a draft version of litigation mandates called “On Digital Financial Assets,” and lawmakers are looking for public opinion.
2020-6-4 00:02 | |
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Cryptocurrency regulations are quite tricky and up until now, only a few countries can boast of finding the right mix of existing new laws to regulate digital assets fairly. Russia is definitely not among the few of those countries as it always had a passive stance towards privately issued or decentralized cryptocurrencies. After months of […]
2020-6-3 20:52 | |
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Russia’s central bank, the Bank of Russia, is looking to develop a digital mortgage on Masterchain, a government-backed blockchain project. Leveraging Blockchain for Mortgage Issuance According to a report by a local news outlet, Ria, on Thursday (May 28, 2020), Olga Skoronogatova, Bank of Russia’s First Deputy Governor, revealed the plan of the central bankRead MoreRead More.
2020-5-29 07:00 | |
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Harsh new rules for using and issuing digital assets without a license might soon become law in Russia.
2020-5-21 18:58 | |
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The price of oil continues to tumble lower — WTI crude briefly traded for under $20 per barrel this week. The dollar, dependent on oil, could now in serious jeopardy. The oil price war between Russia and Saudi Arabia shows no signs of slowing down, and US shale will likely see mass bankruptcies in the […] The post Collapsing Petrodollar and Oil Prices could Find Relief in Digital Currency Counterparts appeared first on BeInCrypto.
2020-4-2 13:10 | |
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According to a Forbes report published on March 21, 2020, a senior Russian official has warned that its delayed bill on cryptocurrencies will include a ban on issuing and selling of digital currencies.
2020-3-22 18:00 | |
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While the Russian Ministry of Finance seeks to complete the project of the Bill “On Digital Financial Assets” (CFA) presented on February 25, 2018, The Central Bank of Russia hinders all its efforts to regulate cryptocurrencies, seeing them as an unjustified risk.
2020-3-18 18:34 | |
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The new version of the bill on digital financial assets contains a ban on the issuance and legal use of cryptocurrencies in Russian jurisdiction. The head of the legal department of the Central Bank of the Russian Federation, Alexey Guznov, shared information on a bill being prepared in the government, the adoption of which will […]
2020-3-17 20:08 | |
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The central bank is in favor of digital securities, but maintains cryptocurrencies shouldn't be allowed in Russia.
2020-3-17 17:00 | |
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In an announcement dated February 17, 2020, the Central Bank of Russia (CBR) stated that it had successfully completed a blockchain tokenization pilot using a platform developed by Nornickel within its regulatory sandbox.
2020-2-17 20:00 | |
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The Russian Federation has a new prime minister, Mikhail Mishustin, with a track record of statements regarding cryptocurrencies and an affection for digitalization. A stated goal of his government will be to turn the country into a digital platform “for the people.
2020-1-18 01:15 | |
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The Russian Federation Prime Minister has made a call asking his country people to try and prioritize the development of the digital economy. RIA NOVOSTI, a Russian news outlet on 16th January 2020 reported that Mikhail Mishustin, who had earlier in the day been confirmed as the new Russian Prime Minister had placed some priorities […]
2020-1-18 21:30 | |
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Cryptocurrency is not money, while operations with it should be taxed – this and other statements were previously made by Mikhail Mishustin, who is now Russia’s new Prime Minister. Russia to Become a Digital Platform Nevertheless, despite the fact that Mishustin doesn’t seem to shift the government’s approach towards cryptocurrencies, he is an avid fan of digitalization, and this is a plus for the crypto world.
2020-1-17 00:00 | |
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A new political force is being born in Russia out of the country’s tech business circles. The idea has been conceived by representatives of the country’s growing digital economy sector who want to embark on finding solutions to numerous issues that concern the crypto space.
2020-1-17 23:40 | |
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Russia’s new Prime Minister, Mikhail Mishustin wants the country to develop its digital economy
2020-1-17 16:52 | |
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It's either black or white with Bitcoin: While In India, China, and Russia, the largest digital asset is still identified as an illegal form of currency, the same asset has been recognized as a beaconThe post Here's how Bitcoin allows financial freedom in hyper-inflated nations appeared first on AMBCrypto.
2019-12-28 19:30 | |
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With China's advancement in the digital currency space and state-backed stablecoin, other countries are not particularly laying low in this matter. Russia is another country that has been prominent inThe post Russia's regulatory 'sandbox' tests stablecoins appeared first on AMBCrypto.
2019-12-27 01:30 | |
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Russia won’t officially legalize digital currencies in the near future, according to the conclusions of the participants of a “round table” dedicated to crypto regulation. Issuance of Anything Besides Ruble is Still Illegal On Thursday, July 25, a panel of Russian officials and experts discussed the regulation of cryptocurrency.
2019-7-26 18:00 | |
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Venezuela appears to be leveraging cryptocurrencies as part of a larger effort to bypass US sanctions. According to an investigation by Spanish newspaper ABC, President Nicolas Maduro and his administration are using a digital wallet app called Jetman Pay to convert tax revenue from one of the country’s main airports into Bitcoin and other cryptocurrencies.
2019-7-26 14:02 | |
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On July 25, 2019, in Moscow the III international forum on cryptocurrency mining of TerraCrypto will take place. Within the summer business program, we will consider questions of business processes of the crypto industry in Russia and the world, a legal framework of digital mining, the innovative technical solutions, investment processes, exchange and trade in […] The post “TerraCrypto Part III.
2019-7-12 14:00 | |
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Nornickel, the smelting and mining giants from Russia have announced their plans to launch a digital platform for metals trading by the end of 2019, the company’s senior vice president, Andrey Bugrov, made it public at the global GMIS-2019 production and industrialization summit.
2019-7-11 20:54 | |
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Anatoly Aksakov, head of the State Duma Committee on the Financial Market revealed that Russia’s digital financial assets law has been practically agreed upon but it may be postponed to autumn because the authorities have been unable to reach a concrete agreement on how bitcoin and altcoins should be handled in Russia, reports Tass on JulyRead MoreRead More.
2019-7-11 09:00 | |
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Russian parliament will adopt the country’s major crypto bill, “On Digital Financial Assets,” in the next two weeks, according to the deputy finance minister
2019-6-19 15:58 | |
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Cryptocurrency usage has been expanding globally and a new survey confirms that trend. The poll conducted by Statista shows that the citizens of troubled countries tend to exploit the benefits of decentralized digital money far more readily than the citizens of thriving nations.
2019-6-18 21:01 | |
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Cryptocurrency is expanding to regions around the world, though every country has different ways of handling it. Some countries have created regulations that are more suitable to development in their economies, but central bank digital currencies (CBDCs) are slowly gaining momentum.
2019-6-18 00:40 | |
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The head of Russia's central bank has said the institution is investigating the possible future launch of a digital currency.
2019-6-18 16:30 | |
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The head of Russia’s central bank has said that while the launch of a central bank digital currency is being explored, it is not a matter for the near future
2019-6-17 12:30 | |
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By CCN Markets: Russia is continuing to explore the possibility of a gold-backed cryptocurrency for use as a cross-border settlement alternative with other countries. Under heavy sanctions from the US, the potential of a value-pegged cryptocurrency could help Russia escape from the usage of the Dollar as a currency standard.
2019-6-17 15:17 | |
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A judge and a local official spoke in favor of including the term “digital assets” in Russian Civil Law. Russia has still not established clear cryptocurrency legislation, due to delays regarding the terminology involved.
2019-6-5 12:57 | |
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A judge at Russia’s Supreme Arbitration Court urged lawmakers to include the term “digital assets” in the Russian Civil Law
2019-6-4 15:03 | |
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According to local news publication TASS, the Bank of Russia will consider a gold-backed digital currency for use in international settlements. However, the institution remains opposed to truly decentralised crypto assets.
2019-5-24 02:00 | |
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The Central Bank of Russia has recently emitted a report affirming that the draft bill on crypto regulation is currently being prepared and that it will be adopted until the Spring of this year. Russia is a major cryptocurrency market but it still struggles with the lack of proper regulation, so this is a major […]
2019-5-23 01:23 | |
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Russia’s National Settlement Depository will launch its long-awaited digital asset ledger next month – 5,000 kilometers away from its Moscow HQ.
2019-5-22 14:10 | |
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A court case in Russia has signaled a change in the attitude authorities have towards the cryptocurrency space, at least on first glance. An online portal helping traders find the best exchange options for their digital assets will be allowed to restore normal operations.
2019-5-13 14:05 | |
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The regulatory and legal environment around internet-based services and applications has changed considerably over the last decade. When large-scale social networking platforms first became popular in the 2000s, the general attitude toward mass data collection was essentially “why not?”.
2019-5-11 04:03 | |
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Russia and Finland have both introduced new regulations around cryptocurrencies, in a sign that digital assets are receiving more recognition. The new rules provide yet another example of virtual assets entering the mainstream.
2019-4-30 22:10 | |
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The Russian Federation, which is yet to regulate digital assets, is now planning to allow four of its regions to test innovations that are not covered by its current legislation. A bill drafted by the Economy ministry envisages the establishment of regulatory sandboxes there.
2019-4-28 20:40 | |
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Russian news agency, TASS, reports that Russian President Vladimir Putin’s advisor has suggested the state of Crimea adopt a digital… The post Just In: Russia Considers Crypto To Bypass US Sanctions appeared first on Invest In Blockchain.
2019-4-23 11:56 | |
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An adviser to the president of Russia has proposed to adopt a digital currency in Crimea to attract investors and avoid sanctions
2019-4-23 22:19 | |
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Central Bank Of Russia Analyses Benefits And Drawbacks Of Issuing A CBDC The Central Bank of Russia is analyzing the positive and negative effects of issuing a central bank digital currency (CBDC). The information was released by the institution on April 18.
2019-4-20 22:08 | |
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The Bank of Russia outlined potential benefits and drawbacks of central bank digital currencies in a recent report
2019-4-20 19:04 | |
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The proposed ‘digital assets’ law aims to “legalize ICOs” in Russia and is expected to be reviewed in May. But lawmakers are slowly realizing the futility of regulating Bitcoin and cryptocurrency that are un-regulatable by design.
2019-4-19 14:00 | |
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The Russian Duma approved a bill that would enable the country to have a “Great Firewall” or “Iron Curtain” similar to what China has. The result of the law is that, whenever the government wants to, it can censor all incoming and outgoing traffic traveling through state-owned channels.
2019-4-13 00:58 | |
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New research from a digital asset management firm estimates the amount of BTC governments have to accumulate if Bitcoin were to replace the current gold reserves. ‘Governments Have Some Accumulating to Do’ Digital asset management firm Blocktown Capital has estimated the amount of BTC governments would have to accumulate if Bitcoin were to replace the current gold reserves.
2019-4-9 22:00 | |
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Anatoly Aksakov, the chairman of Russia’s Financial Market Committee in the State Duma, suggested that the Digital Ruble, a central bank digital currency (CBDC), could potentially render traditional banks redundant, as local media outlet Ria reported on Sept 5.
Soon it will be possible to get a loan in the digital ruble and decisions will be made by a robot, Anatoly Aksakov, the head of the State Duma Banking Committee, said in a meeting.
The majority of Russian citizens seem to have no interest or trust in the Russian central bank digital currency (CBDC), according to two recent consumer surveys. This comes days after the Bank of Russia (BoR) unveiled the digital ruble’s official logo and commission fees.
The country's central bank will begin real-world tests of the digital currency with 13 banks and limited clients on Aug. 15.
Russia is progressing with its central bank digital currency (CBDC). President Vladimir Putin has endorsed the digital ruble bill, signing it into law on July 24. As a result of this approval, the digital ruble law is officially set to take effect starting from August 1, 2023.
The new law describes a legal framework for a central bank digital token