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Digital Ruble Poses Risks to Financial Sector and Security, Russian Lawmakers Warn

20.11.2021
Russian parliamentarians have cautioned against risks associated with the introduction of a digital ruble. Among them are the likely increase of competition pressure on banks and new challenges that may arise in the field of information security. Financial Market Committee Sees Threats in Digital...

Digital ruble should not affect inflation, Bank of Russia says

17.11.2021
According to official data, Russia’s inflation rate reached 8.1% in October, the highest level in almost six years

Digital Ruble Should Not Boost Inflation, Bank of Russia Says

17.11.2021
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....

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

11.11.2021
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...

Russia to change laws for digital ruble while central bank mulls 2022 prototype

9.11.2021
Russian lawmakers will reportedly begin working on the legal adjustments needed to implement the digital ruble plan scheduled for early 2022

Russia to Change 13 Laws and Codes for Digital Ruble

8.11.2021
Authorities in Russia are gearing up to amend various pieces of legislation to facilitate the issuing and function of the digital ruble. Officials in Moscow believe this version of the national fiat needs to be regulated separately from other digital forms of money such as cryptocurrencies. Russia...

Russia Considers Partially Replacing Dollar Reserves With Digital Assets in Future

20.10.2021
Amid ongoing sanctions, the government of Russia has been working to limit the country’s dependence on the U.S. dollar. The Ministry of Foreign Affairs now says it’s possible to partially replace the greenback in currency reserves and trade settlements with other currencies and even...

Digital Ruble to Help Curb Use of ‘Money Surrogates,’ Russia Says in Financial Strategy Document

15.9.2021
The launch of a digital ruble will be among Russia’s key priorities of digitalization this decade, the country’s financial market development strategy has confirmed. The document claims the issuance of a digital national fiat will help the central bank to prevent Russians from using...

Crypto Mining Should Be Registered and Taxed in Russia, Financial Market Committee Chair Says

12.9.2021
Cryptocurrency mining should be registered as entrepreneurial activity and taxed as such, according to Anatoly Aksakov, chairman of Russia’s parliamentary Financial Market Committee. The lawmaker also thinks Russian digital currency regulations need refinement. Amendments Likely to Affect...

One tenth of Russians ready to get salaries in digital ruble, report says

28.7.2021
A new survey of 3,000 Russians suggested that most people strongly disagree with receiving salary payouts in a state-controlled digital currency

Bingbon Adds Ruble, Hryvnia, and Tenge Support in Bid to Expand Geographical Presence

15.7.2021
A tie-up between payment processor Advcash and Bingbon will help the social cryptocurrency trading exchange extend its services to Ukraine, Kazakhstan, and Russia through a newly introduced fiat on and off-ramp. Eastern European Fiat Support Echoes Regional Crypto Adoption Outside of North America...

Bank of Russia forms first digital ruble testing group

30.6.2021
Twelve Russian banks including Sberbank, VTB and Tinkoff Bank will help the Bank of Russia test the digital ruble in January 2022

Kalashnikov Eyes Digital Ruble Settlements as Russia Aims to Replace ‘Dirty Money’

5.6.2021
Kalashnikov Group, the Russian firearms manufacturer, is ready to transition to settlements in digital currency. The announcement came from the international economic forum in Saint Petersburg where the central bank of Russia reaffirmed its intention to replace “dirty”...

Bank of Russia to Launch Digital Ruble Prototype by End of Year

21.5.2021
The Central Bank of Russia (CBR) is preparing to release a digital prototype of the national fiat towards the end of 2021, a high-ranking official has confirmed. Transfers between private individuals will be free of charge with the digital ruble, which is going to have legal tender status on...

21% of Muscovites think crypto and digital currencies will replace fiat in ten years

28.4.2021
According to a recent poll, 14% of Russians think crypto will replace fiat in 10 years, while 39% think it's impossible to give up cash

Digital ruble is ‘highest form of money’, Russian Bitcoin critic says

30.3.2021
The digital ruble will become an integral part of national settlements by 2023 or 2024, Anatoly Aksakov of the Russian State Duma predicted

Russia Wants to Use the Digital Ruble to Power its USD Purge

30.3.2021
The politician charged with putting together Russia’s crypto regulation legislation and forming the nation’s financial policy has spoken about the need to purge the United States dollar from the economic system – and has called the forthcoming digital ruble a “higher form of money.” Speaking in...