russia central bank
Bank of Russia Reveals the Possibility of Developing a CBDC in Public Consultation Report
In the recently published public consultation on the digital rubble, the Bank of Russia acknowledged it is considering the potentials of issuing a CBDC.
DFA Bill Passed, But Central Bank of Russia Still Thinks Cryptos Are Criminal
Despite the Digital Financial Assets bill being passed by the State Duma, Russia’s Central Bank has nevertheless argued that crypto transactions are not deemed as legitimate investments.
The Bank of Russia Wants Strict Limits for Non-Professional Russian Crypto Investors
Russia has published a proposal that sets strict limits on the amounts of digital assets acquired by non-professionals investors in a year.
COVID-19 Pandemic-Induced Crisis is Pushing CBDC Adoption, says Bank of Russia
Financial regulators are keeping a keen eye on central bank digital currencies (CBDCs) because they see them as silver linings.
Russian Banks Seeks Help from China's UnionPay amid Crackdown from Mastercard & Visa
In a bid to mitigate the strain on the users of these payment service providers, the Russian Central Bank said some of its indigenous financial institutions are looking at integrating UnionPay.
Russia’s Central Bank Orders Local Stock Exchanges to Avoid Listing Crypto-Related Funds
The Bank of Russia has instructed local stock exchanges not to list any cryptocurrency services to firms.
The Bank of Russia Says CBDC Will Eliminate Challenges Caused by Cryptocurrencies
An executive working at Russia’s Central Bank has stated that a Central Bank Digital Currency could serve as a response to problems being created by cryptocurrencies.
Russia Finally Showing Signs of Embracing Digital Assets in New Bill
After successfully undergoing test period, tokenization is set to take centre stage with reforms as newly proposed cryptocurrency legislation in Russia received the green lights.
Russia’s Central Bank Will Ban Crypto Issuance and Trading in Upcoming “Digital Financial Assets” Bill
Alexey Guznov, head of the legal department at Bank of Russia, says that the new version of the delayed bill on “Digital Financial Assets” will include a ban on issuance and selling of cryptos in the country.
Government Officials in Russia Expected to Declare Their Cryptocurrency Savings
Government officials in the Ural region of Russia are now expected to declare their savings stored in cryptocurrencies.
Estonia's Central Bank Launches Research Project into CBDC
Estonia’s Central Bank also known as Eesti Pank has launched a multi-year research project into central bank digital currencies.
South Korea’s Central Bank Launches Central Bank Digital Currency Pilot Program in Case of Future Necessity
South Korea’s central bank recently announced that it has launched a pilot program assessing the issuance of a central bank digital currency (CBDC). The Bank of Korea has stated that there are no immediate plans to launch a CBDC, however, the pilot program will allow the central bank to be prepared in the future if the changing market conditions require its issuance.
Six Central Banks Form Working Group to Assess Central Bank Digital Currencies
Six central banks around the world have come together to create a working group to share experiences on use cases on central bank digital currency (CBDC). With significant expertise in exploring digital currencies, these six central banks are the Bank of Canada, Bank of England, Bank of Japan, European Central bank, Sveriges Riksbank in Sweden, and the Swiss National Bank, and the Bank of International Settlements (BIS).
Central Banks Race to Adopt Fiat-Backed Cryptocurrencies
Cryptocurrency innovations are scrambling to get adoption across the world. However, there is also another race. Many nations are competing to become the first to adopt a central bank cryptocurrency. Let’s understand why central banks are scrambling to acquire fiat-backed cryptocurrencies.