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American Economists Are Baffled by an ‘Unusual Situation’ as Russia’s Ruble Is the World’s Best Performing Fiat Currency
9.6.2022
Two months after the Russian ruble fell below a U.S. penny, the transcontinental country’s fiat currency is the best performing currency worldwide. American economists are baffled by the “unusual situation” because a country facing stiff sanctions typically sees its fiat...
Russian Crypto Regulation Can’t Be Delayed any Longer, Claims Top MP
20.5.2022
Russia’s parliament, the State Duma, will debate a crypto regulation bill that was formulated by the Ministry of Finance at the start of the year in the coming weeks, a senior MP has claimed....
Read More: Russian Crypto Regulation Can’t Be Delayed any Longer, Claims Top MP
Majority of Russia’s Financial Pyramids in Q1 Linked to Crypto, Scammers Exploit Sanctions Topic
8.5.2022
Many of the financial pyramids identified in Russia during the first quarter of the year have been associated with cryptocurrencies, a top central bank official has revealed. Fraudsters are actively exploiting the hot topics of the day, including the sanctions theme. Pyramids Offer Russian...
Russia’s Central Bank Slashes Benchmark Rate, Pegs RUB to Gold — Ruble Rebounds to Pre-War Levels
9.4.2022
Amid the Ukraine-Russia conflict, the Russian ruble has managed to rebound despite the strict sanctions imposed against the Russian Federation. The country’s central bank has taken a few steps to protect the nation’s currency as the Bank of Russia revealed a fixed price for gold...
Russia Looks to Bolster its Bitcoin & Crypto Mining Industry Amid War in Ukraine
28.3.2022
Russia appears keen to foster its Bitcoin (BTC) and crypto mining sector – and appears to have assured miners that sanctions, imposed due to Russia's invasion of Ukraine, will not impede their ability to continue mining tokens. However, the long legal struggle for legalization is continuing...
Anonymous Claims It Has Released 28GB of Bank of Russia Documents
28.3.2022
Hacking group Anonymous has reportedly published a large amount of data allegedly belonging to the Bank of Russia. The release comes after the collective announced it had hacked Russia’s central bank earlier this week, a claim that was denied by the monetary authority in Moscow. Anonymous...
Anonymous Says It Hacked Bank of Russia, Monetary Authority Denies Claim
25.3.2022
Anonymous has attacked the Central Bank of Russia (CBR), according to a post on social media. The hacking group, which vowed to hit Russian government websites after Moscow launched its military assault on Ukraine, now says it’s also targeting foreign companies still operating in Russia....
Bank of Russia Allows Sberbank to Issue Digital Financial Assets
18.3.2022
Sberbank, Russia’s largest bank, has been authorized by the country’s monetary policy regulator to issue digital financial assets. The move comes amid tightening Western sanctions over the war in Ukraine, including limiting Moscow’s access to the global financial market....
Russian, Chinese Central Banks ‘Working Together On SWIFT-Alternative Interoperability’
18.3.2022
A senior Russian parliamentarian has claimed that the Central Bank is working with the People’s Bank of China on workarounds that may help the countries bypass the SWIFT banking network – including domestic alternatives, blockchain solutions, and digital fiats....
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Russia’s Central Bank Goes to War. Is Cryptocurrency a Friend or Foe?
17.3.2022
Policymakers in Moscow are scrambling to rethink their approach to digital currency as one of several means of protecting the increasingly isolated economy
Russian Consumers, Firms Feeling Impact of Sanctions as Ruble Keeps Diving
2.3.2022
Ordinary Russians are increasingly starting to feel the bite of Western-led sanctions, media reports from inside the country have indicated.
The ruble fell once again today and, at the time of writing, is worth around USD 0.0090, or 26% less than on the day of the invasion of Ukraine (February...
Russian Bank Run Begins as Ruble Plunges to Record Low Amid Escalating Sanctions
28.2.2022
A bank run has started in Russia as citizens rush to withdraw cash amid escalating sanctions. The Russian ruble also nosedived to a record low, plunging more than 30%. “There are about 70 people in line. Eyewitnesses say the money in the ATM runs out within 40 minutes.” Russians Rush...
Russian Central Bank Ramps up USD Exchange Rate as Ruble Run Worries Mount
25.2.2022
Russia’s Central Bank is desperately trying to avoid a run on the fiat ruble in response to incoming sanctions measures from the EU, the United States, and their allies. And as the Ukraine crisis deepens, the bank has unleashed yet more extreme measures – which may eventually include freezing...
Russia’s Finance Ministry introduces digital currency bill, brushes off Central Bank’s objections
21.2.2022
As the public standoff between the two agencies approaches fever pitch, the Ministry of Finance makes a formal move
Clarity pushed back: Russian government fails to forge a consolidated stance on crypto regulation
19.2.2022
Another tentative deadline for the Finance Ministry and central bank to reach a compromise passes as an expected bill does not arrive
JPMorgan on Metaverse, Digital Ruble Trial, Binance Chain Rebrands + More News
15.2.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: JPMorgan on Metaverse, Digital Ruble Trial, Binance Chain Rebrands + More News
Russians Own $215 Billion in Crypto Suggests Estimate Attributed to Government
2.2.2022
Russians may own more cryptocurrency than previously thought, a new estimate reportedly used by the government has indicated. The quoted figure amounts to over a tenth of the global holdings and may serve as an impetus for the government to regulate Russia’s crypto market rather than outlaw...
Law Decoded: Russia flounders, America competes, IMF keeps fuming, Jan. 24–31
31.1.2022
Uncertainty about crypto regulation can engender internal disagreement even within seemingly monolithic governments
Central bank overkill: Russia’s proposed crypto ban and why everyone’s against it
27.1.2022
The harsh language of the CBR’s report sent waves of panic, but now it seems that the regulator might have few allies in the government
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...