Russia to Start Real CBDC Tests in 2023, as it Tries to Deflate the Ruble

The Central Bank of Russia will begin pilot tests of the digital ruble with real clients and with the use of smart contracts

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Central Bank of Russia will Advance Tests with the Digital Ruble

BCR will start pilot tests in the real economy with the digital ruble next year, as announced by the governor of the issuing institute, Elvira Nabiulina

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IMF and World Bank Warn of the Global Impact of the War in Ukraine

The representatives of the International Monetary Fund and the World Bank warned that Russia's invasion of Ukraine will affect the global economic recovery.

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Russia’s new draft bill treats crypto as an investment tool and not a legal tender

After much deliberations, Russia’s regulation of crypto seems to be taking its final shape. According to a translated press release published on Monday, the bill that was introduced in parliament on Feb. 18. by the Ministry of Finance was part of its plan to regulate cryptocurrencies in the country. The announcement comes amidst tough opposition mounted by […]

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Russia Will Approve Bitcoin as Legal Currency

The bill to legalize and regulate the circulation of Bitcoin and other digital currencies in the Russian Federation will be approved before February 18.

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Russia Owns $200 Billion in Cryptocurrency – 12% of the World Total

Over 17 million Russians own $200 billion in cryptocurrencies.

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Putin Opposes Against Central Bank of Russia’s Crypto Ban Movement

President Vladimir Putin supports government’s proposal to tax and regulate crypto mining in Russia. This gives an assumption that Putin ...

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Russian Personalities Warn About the Consequences of Banning Bitcoin

Telegram CEO Pavel Durov has joined critics of the Russian Central Bank’s proposed move to ban cryptocurrency mining and trading in the country.

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Russian Tech and Political Oligarchs Opposes Blanket Crypto Ban

Tech and political oligarchs in Russia are expressing their full displeasure over the proposed blanket ban on crypto. (Read More)

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Russia’s Central Bank Proposes Ban on the Use, Trading, and Mining of Cryptocurrencies

Different countries have adopted diverse frameworks to regulate the fast-growing industry as cryptocurrencies proliferate and dominate the financial sector.

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Central Bank of Russia Intends to Ban Crypto Mining and Activities

The Central Bank of Russia is going on the offensive in relation to the digital currency ecosystem in the country as the apex bank is calling for a blanket ban on crypto-related activities. (Read More)

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Crypto operations opposed by the Bank of Russia

According to the Russian legislation, it is not prohibited for individuals or legal entities to buy cryptocurrencies in foreign markets, but it is prohibited to issue them on domestic platforms and use them as means of payment within the Russian Federation. In an interview on Friday the 17 December 2021, by the local media house […]

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Digital Ruble Law Likely to Be Passed in June According to Russian Official

The digital ruble law project, which was already discussed and approved in its first reading, could be passed in June, according to Anatoly Aksakov, chairman of the Duma’s Financial Markets Committee. The Bank of Russia is currently waiting for the enactment of this ruleset to conduct a live test of the CBDC’s (central bank digital

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Russian State Duma Passes Digital Ruble Law

The State Duma, the lower house of the Russian Federal Assembly, discussed and passed the Digital Ruble law in its second and third discussion on July 11. The law will allow the Central Bank of Russia, as the sole regulator of the proposed digital currency, to organize a pilot test slated for August. State Duma [...]

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