Russia’s Sberbank plans release of its own crypto token, the “Sbercoin”
With new legislation on digital assets coming into effect in a month, Russian financial institutions are looking to act. Go to Source Powered by WPeMatico
Bank of Russia
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Russia’s proposed crypto amendments have a major blind spot
The Ministry of Finance is proposing harsh prison sentences for crypto holders, but what about shadow exchanges and darknet criminals? Go to Source Powered by WPeMatico
Russia’s central bank says the pandemic has accelerated regulators’ interest in CBDCs
The pandemic-induced crisis is galvanizing new trends across all aspects of the global economy, including digital currencies. Go to Source Powered by WPeMatico
Digital ruble must ensure privacy, not anonymity: Russia’s central bank
Russia’s digital ruble will not have the same level of anonymity as cash, says official. Go to Source Powered by WPeMatico
Law Decoded: The rivalry between central banks and global stablecoins, Oct. 9–16
Talk of CBDCs and Facebook’s Libra headlined this week’s policy news, as international organizations weigh in on both. Go to Source Powered by WPeMatico
Five Russian banks express interest in piloting digital ruble
The first pilots of Russia’s digital currency are expected to launch in H1 2021. Go to Source Powered by WPeMatico
Unqualified investors can buy up to $8K of crypto, says Bank of Russia
Russia’s central bank wants to limit the amount of cryptos and digital rights acquired by non-professional investors. Go to Source Powered by WPeMatico
Bank of Russia issues consultation paper on digital ruble
Russia’s central bank says that the digital ruble can be an “additional form of money alongside cash and non-cash.” Go to Source Powered by WPeMatico
Could Russia lead Eastern Europe’s crypto boom?
Russia’s new bill brings it in line with U.K. legislators, though there is a distinction between the approach of the FCA and the State Duma. Go to Source Powered by WPeMatico
New Russian Law Bans Bitcoin Payments for Goods and Services
Russian lawmakers have passed a bill that gives legal status to cryptocurrencies such as bitcoin – but bans them from being used to pay for goods and services. Legislators approved the Digital Financial Assets (DFA) bill on July 22 after its third and final reading. It had already won backing from senior lawmkers like Anatoly … Read more
