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Russian Banks Set for Record Profits This Year, Central Bank, Rating Agency Say

Russian Banks Set for Record Profits This Year, Central Bank, Rating Agency SayBank of Russia raised its forecast for the profits of Russian banks in 2023, expecting results that may break the 2021 record. This year’s high numbers are coming after 2022 became the worst annual period in seven years for the sanctioned Russian banking sector in terms of financial outcome. Banks in Russian Federation Headed for […]

Cryptoquant Report: Record-Breaking Activity Propels Altcoins to New Heights

Russia Developing Payment Gateways With Partners Like Turkey, Mulling Crypto Settlements

Russia Developing Payment Gateways With Partners Like Turkey, Mulling Crypto SettlementsBank of Russia is building a system of gateways with foreign payment networks and is now working with Turkey in this field. Russia’s monetary authority would also allow the experimental use of cryptocurrencies in foreign economic activities, its head was quoted as saying. Russia’s Central Bank ‘Actively Working’ With Turkey on New Payment Gateways The […]

Cryptoquant Report: Record-Breaking Activity Propels Altcoins to New Heights

Russian Parliament Votes on Bill Opening Door for Digital Ruble

Russian Parliament Votes on Bill Opening Door for Digital RubleRussian lawmakers have approved a draft law facilitating the implementation of the digital version of the national currency, the ruble. The legislation amends various other acts to introduce definitions and establish procedures related to the launch of the central bank digital currency. Russian State Duma Passes Digital Ruble Draft Law on First Reading The lower […]

Cryptoquant Report: Record-Breaking Activity Propels Altcoins to New Heights

Bank of Russia Registers Another Digital Asset Issuer

Bank of Russia Registers Another Digital Asset IssuerThe Central Bank of Russia has added another entity to its register of authorized issuers of digital financial assets. The platform, called ‘Masterchain,’ becomes the fifth ‘information system operator’ in the country that can legally tokenize traditional assets and organize their trade. Number of Licensed Digital Asset Issuers in Russia Grows to Five The Central […]

Cryptoquant Report: Record-Breaking Activity Propels Altcoins to New Heights

Bank of Russia Outlines Payment Models With Digital Ruble, Other CBDCs

Bank of Russia Outlines Payment Models With Digital Ruble, Other CBDCsThe Central Bank of Russia has detailed two methods for implementing the digital ruble and other state-backed coins in international settlements. The monetary authority also plans to start testing consumer-to-business (C2B) operations in the first quarter of the year. Russia’s Central Bank to Propose Platforms for Digital Currency Payments in Foreign Trade Moving forward with […]

Cryptoquant Report: Record-Breaking Activity Propels Altcoins to New Heights

Bank of Russia to Test International Crypto Payments With Companies

Bank of Russia to Test International Crypto Payments With CompaniesThe Central Bank of Russia plans to use cryptocurrency for cross-border payments in trials with private companies, a member of its top management has revealed. The testing will be conducted under a special legal regime that’s currently under development. Russia’s Central Bank to Explore Crypto Settlements Amid Financial Sanctions The Central Bank of the Russian […]

Cryptoquant Report: Record-Breaking Activity Propels Altcoins to New Heights

Bank of Russia Moves to Safeguard Crypto Companies Against Sanctions

Bank of Russia Moves to Safeguard Crypto Companies Against SanctionsThe Central Bank of Russia has introduced measures to protect entities working with digital assets from sanctions pressures. These businesses will be exempted from some reporting requirements as part of a regulatory relief intended to minimize the burden on financial organizations. Russia’s Central Bank Eases Supervision of Digital Asset Platforms Amid Sanctions The Central Bank […]

Cryptoquant Report: Record-Breaking Activity Propels Altcoins to New Heights

Bank of Russia Sets Out to Regulate Digital Asset Taxation, Exchange, Still Opposed to Crypto

Bank of Russia Sets Out to Regulate Digital Asset Taxation, Exchange, Still Opposed to CryptoThe Central Bank of Russia supports the development of digital financial assets but remains opposed to legalizing crypto payments, its top management has reiterated. The monetary authority is now working on a set of regulatory proposals that will be submitted to parliament by the end of the year. Russia’s Central Bank Takes Legislative Initiative in […]

Cryptoquant Report: Record-Breaking Activity Propels Altcoins to New Heights

Bank of Russia Suggests Tax Cuts for Long-Term Digital Asset Holders

Bank of Russia Suggests Tax Cuts for Long-Term Digital Asset HoldersThe Central Bank of Russia is proposing to introduce tax incentives for long-term holders of digital financial assets. The idea has been circulated with a consultation paper published for public discussions on the development of the digital asset market in the Russian Federation. Bank of Russia Talks Regulation in New Report Devoted to Digital Assets […]

Cryptoquant Report: Record-Breaking Activity Propels Altcoins to New Heights