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Nalezeno "Bank of Russia": 322

Bank of Russia Rejects Provision of Crypto-Related Financial Services

7.12.2021
Russia’s central bank has voiced opposition to the provision of financial services related to cryptocurrencies. The monetary authority believes such offerings would go against the interests of Russian investors as they are highly risky. Central Bank of Russia Unwilling to Allow Financial...

Russia to Decide Fate of Crypto Exchangers in 2022

3.12.2021
Discussions on the future of “virtual currency exchangers” in Russia should be completed in 2022, a high-ranking representative of the country’s financial watchdog has indicated. Following international standards, authorities in Moscow would have to either regulate or ban such...

Alternative Investments Like Crypto Form Half of Russian Non-Qualified Investors’ Portfolios

2.12.2021
Investments in alternative assets such as cryptocurrencies account for over half of the portfolio of non-qualified Russian investors, a recently held survey has indicated. Almost half of them consider digital currencies like bitcoin as a potential hedge. Cryptocurrencies Outperform Traditional...

Annual Volume of Crypto Transactions Made by Russians Reaches $5 Billion, Bank of Russia Finds

28.11.2021
With the growing capitalization of the crypto economy, Russians have been making crypto transactions worth billions of dollars a year, data gathered by the Central Bank of Russia shows. Russian residents are some of the most active participants in the crypto market, the regulator has acknowledged....

Russians transact $5B in crypto each year, Bank of Russia says

25.11.2021
Though Russia has become a global leader in the crypto market, the Bank of Russia is still skeptical about Bitcoin

Bank of Russia Pushes to Introduce Liability for Illegal Use of Digital Assets

24.11.2021
The monetary authority in Moscow, the Bank of Russia, wants those who use cryptocurrencies against the law to be held accountable. The financial regulator has proposed the introduction of legal liability for some operations with digital assets which it considers illegal. Central Bank of Russia Aims...

Russians to Pay Fees on Digital Ruble Transactions, Central Bank Says

21.11.2021
Users of Russia’s central bank digital currency are going to pay a fee for each transaction, a high-ranking representative of Bank of Russia has recently announced. The digital ruble charge, however, is not going to exceed those currently applied to fast payments in the country. Bank...

Opposed to Bitcoin Payments, Bank of Russia Says State Should Not Stimulate Spread of Cryptocurrencies

20.11.2021
Cryptocurrencies are anonymous and the government shouldn’t encourage their spread, the head of Bank of Russia has insisted. The regulator remains firmly opposed to the legalization of bitcoin and the like as a means of payment in the Russian Federation. Bank of Russia Reiterates Negative...

Digital Ruble Poses Risks to Financial Sector and Security, Russian Lawmakers Warn

20.11.2021
Russian parliamentarians have cautioned against risks associated with the introduction of a digital ruble. Among them are the likely increase of competition pressure on banks and new challenges that may arise in the field of information security. Financial Market Committee Sees Threats in Digital...

Bank of Russia plans to take fees for CBDC transactions: Report

18.11.2021
The Bank of Russia views CBDC as a responsible alternative to Bitcoin and wants to take fees from CBDC transactions

Digital ruble should not affect inflation, Bank of Russia says

17.11.2021
According to official data, Russia’s inflation rate reached 8.1% in October, the highest level in almost six years

Digital Ruble Should Not Boost Inflation, Bank of Russia Says

17.11.2021
Bank of Russia is preparing for a prolonged trial of the digital version of the national fiat to ensure this is a “full-fledged ruble,” the head of the monetary authority has emphasized. The regulator has put forward some conditions for the implementation of the new currency project....

Digital Ruble to Give Russians What They Need, Bank of Russia Governor Says

11.11.2021
The digital ruble is what Russian citizens need as it will facilitate inexpensive and reliable payments, the head of Bank of Russia, Elvira Nabiullina, told participants in an international banking forum. The governor also warned that cryptocurrencies and fiat-backed stablecoins create risks...

Russian Officials Back Idea of Recognizing Crypto Miners as Entrepreneurs

10.11.2021
Cryptocurrency mining should be recognized as an entrepreneurial activity under Russian law and taxed accordingly, representatives of key ministries in Moscow and the parliament have indicated. Officials believe the regulatory move would benefit both the state and the crypto industry. Russian...

Russia to change laws for digital ruble while central bank mulls 2022 prototype

9.11.2021
Russian lawmakers will reportedly begin working on the legal adjustments needed to implement the digital ruble plan scheduled for early 2022

Russia to Change 13 Laws and Codes for Digital Ruble

8.11.2021
Authorities in Russia are gearing up to amend various pieces of legislation to facilitate the issuing and function of the digital ruble. Officials in Moscow believe this version of the national fiat needs to be regulated separately from other digital forms of money such as cryptocurrencies. Russia...

Russian Government to Track Crypto Transactions With Help From Anti-Drug Organization

4.11.2021
Russian institutions have responded to a call from а public movement for joint efforts to identify cryptocurrency transfers related to drug trade. The anti-drug organization, Stopnarkotik, recently asked the interior ministry and the central bank to investigate alleged connections between...