News list for "Bank of Russia"
Last week, Russian Deputy Finance Minister Ivan Chebeskov said financial regulators were ready to drop an exclusive regulatory definition that allowed only a small number of "highly qualified" investors to access decentralized digital currencies such as bitcoin and their derivatives, according to market sources. Vladimir Chistyukhin, the first deputy governor of the Russian central bank, confirmed to reporters: "Indeed, our colleagues in the Ministry of Finance are correct...
According to market news, the head of the Russian monetary authority said that stablecoins can be issued in Russia, after senators called for the formulation of stablecoin regulations. Elvira Nabiullina, the governor of the Russian Central Bank, told lawmakers on Thursday that the Russian Federation can issue stablecoins. Although it is conducive to international settlements, it is opposed to using them for domestic payments, and only allows experiments in foreign trade settlements.
According to Cryptonews, the Russian central bank wants to use a tokenization solution to enable foreign buyers to acquire shares in domestic companies. Vladimir Chistyukhin, the first deputy governor of the Bank of Russia, spoke about the matter at a recent financial forum on the sidelines. When asked about the tokenization of Russian stocks, the central bank executive responded positively, calling it a "viable option". However, Chistyukhin pointed out that overseas participants need to provide...
On October 10, according to Cryptopolitan, Vladimir Chistyukhin, the first deputy governor of the Central Bank of Russia (CBR), revealed at the Finopolis forum that the Russian central bank has decided to allow banks to conduct cryptocurrency business, but will introduce strict capital limits and reserve requirements. Chistyukhin also pointed out that the Russian central bank hopes to pass a law to comprehensively regulate cryptocurrency investments next year. This will enable the authorities to...
The Central Bank of Russia has announced that it will allow the Financial Institution Group to offer cryptocurrency-related derivatives, securities and digital financial asset trading services to qualified investors. These products must be non-deliverable, that is, they cannot be settled in actual cryptocurrencies. The Bank of Russia has asked Financial Institutions Groups to adopt a prudent risk management approach, fully covering relevant capital and enforcing individual exposure limits. The c...
On May 16th, the Russian central bank has named bitcoin as the best performing asset of the Russian financial marekt in April 2025, during which the price of bitcoin rose by 11.2%. The bank also stressed that bitcoin also topped the list year-to-date, with a return of 17.6%, outperforming stocks, bonds and gold. Despite a short-term volatility decline of 18.6% between January and April 2025, bitcoin has been identified as a global...
According to Bitcoin.com, Deputy Governor of the Russian Central Bank Anna Katamadze announced that the digital ruble payment network is scheduled to be launched in 2026, when citizens can use the digital currency to pay through the central bank platform wallet. This timetable is earlier than the previous industry expectations of 2027. The progress of the technical test shows that 15 banks, 1,700 citizens and about 30 enterprises are currently participating in the pilot. Although the original de...
Sources: Although Russian Central Bank Governor Nabiulina has been questioned by lawmakers and businesspeople, she is expected to hold office until 2027 with the support of Russian President Vladimir Putin.
On April 6, Elvira Nabiullina, the governor of the Russian Central Bank, once again emphasized the need to limit the use of cryptocurrencies in the domestic economy and advocated stricter penalties for violations of the ban when speaking in the State Duma on April 3. Nabiullina is an important ally of Russian President Vladimir Putin, and she currently leads the Russian Central Bank's sovereign digital currency (digital ruble) project. She pointed out that although the central bank supports the ...
The Russian central bank has extended rules restricting the transfer of funds abroad for another six months.
