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Putin Signs Law Prohibiting Payments With Digital Assets in Russia

Putin Signs Law Prohibiting Payments With Digital Assets in RussiaPresident Vladimir Putin of Russia has signed into law a bill banning payments with digital financial assets. The legislation obliges exchange operators to refuse to process transactions facilitating the use of DFAs, a legal category currently covering cryptocurrencies, as “monetary surrogates.” President Putin Approves Legislation Banning Digital Asset Payments in Russian Federation Russian President Vladimir […]

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Russian State Duma Adopts Law Banning Payments With Digital Financial Assets

Russian State Duma Adopts Law Banning Payments With Digital Financial AssetsThe lower house of Russian parliament has adopted a law prohibiting the use of digital financial assets in payments. To implement the restriction, exchange operators have been obliged to reject transactions which make it possible to employ these assets as a means of payment. Russian Parliament Approves Legislation Preventing Digital Financial Asset Payments The majority […]

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Bill Imposing Fines for Illegal Issuance and Exchange of Digital Assets Proposed in Russia

Bill Imposing Fines for Illegal Issuance and Exchange of Digital Assets Proposed in RussiaA bill introducing financial penalties for those who illegally issue or exchange digital financial assets has been filed in the Russian parliament. The legislation has been submitted by the sponsor of another draft law banning their use as a means of payment. New Bill Targets Russian Platforms Issuing and Trading Digital Currencies Outside Law Persons […]

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Russia to Trial Digital Ruble Settlements for Real Estate Deals

Russia to Trial Digital Ruble Settlements for Real Estate DealsThe Central Bank of Russia and participating commercial banks want to test various types of payments with the digital ruble, the Russian press reported. The plan is to experiment with smart contracts and transactions related to real estate and crypto asset purchases. Bank of Russia to Launch Smart Contracts on Digital Ruble Platform Russia’s central […]

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Sberbank to Conduct First Digital Asset Transaction on Own Platform

Sberbank to Conduct First Digital Asset Transaction on Own PlatformRussia’s largest bank, Sberbank, is going to carry out the first transfer of digital assets on its own dedicated platform within a month, a top executive revealed this week. The announcement comes after earlier this year, the bank was authorized to issue digital financial assets. Sberbank Prepares for Deal With Digital Financial Assets on Proprietary […]

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Russia’s First Digital Financial Assets Expected This Year, Lawmaker Says

Russia’s First Digital Financial Assets Expected This Year, Lawmaker SaysThe first digital financial assets based on Russian blockchains may be issued as early as this year, a high-ranking parliamentarian announced. Three platforms are already registered as issuers, said Anatoly Aksakov, who chairs the Financial Market Committee at the State Duma, the lower house of Russian parliament. Russian Digital Financial Assets Likely to Appear by […]

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Bank of Russia Allows Sberbank to Issue Digital Financial Assets

Bank of Russia Allows Sberbank to Issue Digital Financial AssetsSberbank, 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. Sberbank Added to Central Bank’s Register of Crypto Asset Issuers The Central Bank of Russia (CBR) […]

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