The central bank of Russia exclusively supports the digital ruble as a technological payment alternative. In a new episode in the long-running conflict between the
According to reports, Russians own over $130 billion in bitcoin, but the government has yet to enact crypto legislation. The Russian prime minister stated that
The State Duma, Russia’s lower house of parliament, has approved a resolution calling for the digital ruble to be designated as a reserve currency. Meanwhile,
The Bank of Russia has urged that commercial banks pay closer attention to their clients’ cryptocurrency transactions. The regulator mandates financial institutions to monitor such
The permission comes just a few weeks after the Bank of Russia urged for a complete ban on cryptocurrency trade and mining. Sberbank of Russia
The working group came out in support of the Finance ministry’s request to regulate, not ban, cryptocurrency. While the Central Bank of Russia (CBR) and
Venezuelan analysts are concerned by the expulsion of a number of Russian institutions from SWIFT, an international messaging system that allows banks to communicate with
It is unknown how sanctions imposed by the United States and NATO allies would affect the local BTC industry and the broader market; nonetheless, Russian
Sberbank, Russia’s largest bank, has denied making a misleading statement about being added to the US sanctions list on Thursday. Retail customers may be at
As the country moves forward with crypto regulatory plans, Russia’s finance ministry opposes making bitcoin legal tender. The Russian Ministry of Finance has released information
Another tentative deadline for the Finance Ministry and the central bank to come up with a deal has passed because a bill that was supposed
The Russian Ministry of Finance has proposed two pieces of legislation to regulate cryptocurrencies. The draughts will be presented for public comment, which is expected
