Russia is free to use Bitcoin in foreign trade, says finance minister

December 25, 2024 Coin Telegraph

Russia has all legal tools to use digital financial assets and Bitcoin in foreign trade, Finance Minister Anton Siluanov said.

Russia has been actively experimenting with digital financial assets (DFAs) in foreign trade in line with the country’s legislation, according to a senior government official.

Russian Finance Minister Anton Siluanov discussed US dollar alternatives for international trade in an interview on the state-owned news channel Russia-24 on Dec. 25.

Siluanov said the Russian government has passed legislation authorizing foreign trades in DFAs and Bitcoin (BTC).

‘Quantum’ Shift Coming to Crypto As Hostile Regulatory Policies Fade Away: Bitwise CIO Matt Hougan

Digital Assets for 1 Billion Rubles Issued in Russia in a Month

May 7, 2023 Bitcoin.com

bitcoin.com

Platforms authorized by the Russian government issued digital assets worth around a billion rubles in April, the local press reported. The spike in the volume has been attributed to Russian companies experimenting with new financial instruments amid limited access to traditional capital. Russia’s Digital Assets Market Livens Up as Capital Markets Dry Up for Russian […]

‘Quantum’ Shift Coming to Crypto As Hostile Regulatory Policies Fade Away: Bitwise CIO Matt Hougan

Digital Assets Worth 2 Billion Rubles Issued in Russia in Less Than a Year

March 16, 2023 Bitcoin.com

bitcoin.com

Digital financial assets (DFAs) for a total exceeding $26 million have been issued in Russia in the past year. This new market has been developing since it was regulated in 2021 and the country’s monetary authority started licensing issuers in the following year. Volume of Digital Assets Increases in Russia as Investors Seek Alternatives to […]

‘Quantum’ Shift Coming to Crypto As Hostile Regulatory Policies Fade Away: Bitwise CIO Matt Hougan

Bill Allows Russian Financial Platforms to Operate Blockchains, Issue Digital Assets

February 17, 2023 Bitcoin.com

bill

A draft law filed in the Russian parliament permits operators of platforms providing financial services to also run blockchain platforms. The legislation will allow them to combine their regular activities in the traditional financial market with issuing digital assets. New Law Opens Door to Blockchain Space for Russian Financial Service Providers The State Duma, the […]

‘Quantum’ Shift Coming to Crypto As Hostile Regulatory Policies Fade Away: Bitwise CIO Matt Hougan

Russia’s Largest Private Bank Launches Digital Asset Platform

February 5, 2023 Bitcoin.com

Alfa-Bank

Alfa-Bank, one of the major Russian banking institutions, has established its own platform for digital financial assets. The launch became possible after Russia’s monetary authority added Alfa-Bank to its register of digital asset issuers this week. Privately-Owned Alfa-Bank Sets Up Digital Asset Platform With Central Bank’s Permission Russia’s Alfa-Bank has launched ‘A-Token,’ a platform allowing […]

‘Quantum’ Shift Coming to Crypto As Hostile Regulatory Policies Fade Away: Bitwise CIO Matt Hougan

Gold-Based Digital Assets Issued in Russia

December 29, 2022 Bitcoin.com

bitcoin.com

A blockchain platform built by Russia’s largest banking institution, Sber, has been used to issue digital assets based on gold. The value of the tokenized precious metal will depend on the prices of physical gold, the bank said, emphasizing that the operation is a first. Russia’s Sber Bank Mints Gold-Backed Coins Sber, Russia’s largest bank, […]

‘Quantum’ Shift Coming to Crypto As Hostile Regulatory Policies Fade Away: Bitwise CIO Matt Hougan

Bank of Russia Moves to Safeguard Crypto Companies Against Sanctions

December 16, 2022 Bitcoin.com

Bank of Russia

The 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 […]

‘Quantum’ Shift Coming to Crypto As Hostile Regulatory Policies Fade Away: Bitwise CIO Matt Hougan

Russia’s Largest Digital Asset Deal Denominated in Chinese Yuan

December 5, 2022 Bitcoin.com

Atomyze

A Russian company has announced the country’s first authorized transaction with digital financial assets (DFAs) involving a foreign currency, China’s yuan. The deal, reportedly the largest made to date under the current Russian DFA law, covers the issuance of tokens secured by commercial debt. Digital Financial Assets for 58 Million Yuan Issued by Russian Platform […]

‘Quantum’ Shift Coming to Crypto As Hostile Regulatory Policies Fade Away: Bitwise CIO Matt Hougan

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

November 13, 2022 Bitcoin.com

Bank of Russia

The 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 […]

‘Quantum’ Shift Coming to Crypto As Hostile Regulatory Policies Fade Away: Bitwise CIO Matt Hougan

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

November 9, 2022 Bitcoin.com

Bank of Russia

The 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 […]

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