Bank of Russia News
Latest Bank of Russia News
Russian traffic increased up to 20% on several tier-1 crypto exchanges in November, as Binance recorded significantly slower growth in trading volume compared to its major competitors.Â
Russia’s Finance Ministry official hopes that liquidity from the crypto market will help the local business to overcome sanctions pressure. Digital financial assets (DFAs), a tokenized form of traditional financial instruments issued by Russian-only companies, appear to have failed to…
The Bank of Russia has announced changes to regulating its central bank digital currency, the digital ruble.
The move is expected to help Russia’s economy evade sanctions and do business bypassing SWIFT. The Bank of Russia has started working on a regulatory framework to allow foreign banks to open accounts to access the digital ruble, Russia’s version…
Russia is creating a blockchain tool for international settlements using digital financial assets
As sanctions have cut Russia off from the global economy, the local central bank hopes its digital currency will help it revive international trade. The Bank of Russia is working on a way to use its digital ruble for cross-border…
The Central Bank of Russia also hopes to interlink its CBDC with the payment systems of China, India, and the UAE. Russia’s central bank is considering 2025 as the year when its digital ruble (a local central bank digital currency,…
Russian lawmakers have opted not to continue with plans to develop a state-owned crypto exchange.
The Central Bank of Russia has enacted measures to shield digital asset-using enterprises from sanctions pressures. The move will allow crypto using platforms to operate without fear of sanctions.
The country’s central bank, the Bank of Russia, has recognised the need to legalize cross-border payments conducted via cryptocurrency transfers. Payments Could Start as Soon as Next Year The possibility of beginning cross-border cryptocurrency transfers as early as 2023 was…