Russia Archives

-

12 August, 2023

Bank of Russia unveils logo and commission fees for digital ruble: report

Starting in 2025, business-to-business transactions involving the digital ruble will have a 15 rubles ($0.16) charge, while individuals will only...

Russian banks want legislation to prevent compulsory digital ruble usage

Business

Steve Kaaru

-

11 August, 2023

Russian banks want legislation to prevent compulsory digital ruble usage

Although Russia has said the digital ruble will be optional, banks want that embedded in legislation as they say their...

Bank of Russia: Digital ruble is not compulsory

Business

Wahid Pessarlay

-

4 August, 2023

Bank of Russia: Digital ruble is not compulsory

Even though the use of the digital ruble remains voluntary, the Bank of Russia’s law on the CBDC is being...

Putin signs digital ruble bill into law, enabling CBDC in Russia

Business

James Field

-

27 July, 2023

Putin signs digital ruble bill into law, enabling CBDC in Russia

Under the newly signed law, the Bank of Russia is tasked with storing digital ruble assets and will be the...

Business

Wahid Pessarlay

-

20 July, 2023

Russia passes CBDC legislation as digital ruble pilot prepares for takeoff

The CBDC bill, supporting the creation of a digital ruble pilot, amended certain parts of the Russian civil code and...

CBDCs could end SWIFT, Russia’s central bank executive says

Business

Wahid Pessarlay

-

14 July, 2023

CBDCs could end SWIFT, Russia’s central bank executive says

First Deputy Governor of the Bank of Russia Olga Skorobogatova said the digital ruble project will advance in stages, modeled...

Business

Steven Stradbrooke

-

27 June, 2023

Binance hiring top money laundering lawyer = US criminal charges imminent

Neither the SEC's suit nor the CFTC civil suit filed against Binance/CZ includes money laundering charges—suggesting that the DoJ's long-anticipated...

Business

Wahid Pessarlay

-

17 June, 2023

Russia’s largest commercial bank allows customers access to tokenized assets

Russian banking giant Sberbank’s new offering will commence before the end of June and will cater to the needs of...

Rosbank to allow use of digital currencies in settling cross-border transactions

Business

Wahid Pessarlay

-

11 June, 2023

Rosbank to allow use of digital currencies in settling cross-border transactions

Russia pushes ahead with using digital currencies amid economic sanctions, with Rosbank devising plans to use them as cross-border transactions...

Georgian banking regulator to tighten AML screws for digital currency firms

Business

Wahid Pessarlay

-

6 June, 2023

Georgian banking regulator to tighten AML screws for digital currency firms

Acting Governor of the NBG Archil Mestvirishvili confirmed that the Georgian central bank would float new anti-money laundering (AML) directives...

Russian gov’t shelves plan for national digital currency exchange

Business

Wahid Pessarlay

-

3 June, 2023

Russian gov’t shelves plan for national digital currency exchange

The previous national digital currency exchange plans drew criticisms over its infrastructure risks and antitrust issues, as well as privacy...

Russia’s CBDC initiative to target foreign access following proposed amendments

Business

Wahid Pessarlay

-

30 May, 2023

Russia’s CBDC initiative to target foreign access following proposed amendments

Russia's CBDC pilot program was pushed back to July following the decision of the State Duma Committee to amend the...

Russia

Recent

Trending

Most Views