Crypto Payments Possible if They Don’t Penetrate Russia’s Financial System, Central Bank Says

June 16, 2022 Bitcoin.com

Cryptocurrencies can be used for international payments if they don’t penetrate the Russian financial system, the head of Bank of Russia has stated. The governor also insisted that the digital assets should not be traded on platforms operating inside the country. Bank of Russia Chair Ready to Accept Cryptocurrency Payments for International Settlements Cryptocurrencies can […]

Report: German Investment Bank Dekabank Launches Institutional Crypto Services

Banning Crypto Is Like Banning Internet in Russia, Finance Minister Says Amid Differences With Central Bank

February 17, 2022 Bitcoin.com

amendments

It’s impossible to ban cryptocurrencies in Russia, the country’s minister of finance has stated in his first comments on his department’s latest disagreements with the Russian monetary authority. The two institutions are reportedly failing to reach consensus on crypto regulation but the treasury intends to submit draft legislation despite their differences. Disagreements on Future of […]

Report: German Investment Bank Dekabank Launches Institutional Crypto Services

Russians Have Invested Over $67 Billion in Cryptocurrency, Lawmaker Reveals

December 21, 2021 Bitcoin.com

Russians Have Invested Over Billion in Cryptocurrency, Lawmaker Reveals

Aksakov

Interest in cryptocurrencies has been growing in Russia, not least among non-qualified investors. According to recently quoted estimates, Russians have already put more than $67 billion into the crypto market, the capitalization of which has increased significantly this year. Russians Spent Some 5 Trillion Rubles on Crypto Russian residents have swapped 5 trillion of their […]

Report: German Investment Bank Dekabank Launches Institutional Crypto Services

Bank of Russia Has Tools to Restrict Crypto Investments, Governor Hints

December 19, 2021 Bitcoin.com

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The Central Bank of Russia has reaffirmed its opposition to cryptocurrency investments citing the volatility of the digital assets as a key motive for its conservative stance. Governor Elvira Nabiullina has recently indicated that the regulator has the means to restrict them. Nabiullina Insists Bank of Russia Can Limit Investments in Crypto Assets Russia’s monetary […]

Report: German Investment Bank Dekabank Launches Institutional Crypto Services

Opposed to Bitcoin Payments, Bank of Russia Says State Should Not Stimulate Spread of Cryptocurrencies

November 20, 2021 Bitcoin.com

Bank of Russia

Cryptocurrencies are anonymous and the government shouldn’t encourage their spread, the head of Bank of Russia has insisted. The regulator remains firmly opposed to the legalization of bitcoin and the like as a means of payment in the Russian Federation. Bank of Russia Reiterates Negative Stance on Cryptocurrencies, Legalization of Bitcoin A “responsible state” should […]

Report: German Investment Bank Dekabank Launches Institutional Crypto Services

Digital Ruble Should Not Boost Inflation, Bank of Russia Says

November 17, 2021 Bitcoin.com

Bank of Russia

Bank of Russia is preparing for a prolonged trial of the digital version of the national fiat to ensure this is a “full-fledged ruble,” the head of the monetary authority has emphasized. The regulator has put forward some conditions for the implementation of the new currency project. Bank of Russia Sets Conditions for Digital Ruble […]

Report: German Investment Bank Dekabank Launches Institutional Crypto Services

Digital Ruble to Give Russians What They Need, Bank of Russia Governor Says

November 11, 2021 Bitcoin.com

Bank of Russia

The digital ruble is what Russian citizens need as it will facilitate inexpensive and reliable payments, the head of Bank of Russia, Elvira Nabiullina, told participants in an international banking forum. The governor also warned that cryptocurrencies and fiat-backed stablecoins create risks for financial stability. CBR’s Nabiullina Praises Digital Ruble Concept, Rejects Cryptocurrencies The Central […]

Nabiullina

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