News list for "Central Bank of Russia"
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.
The governor of the Russian Central Bank, Nabiullinna, said that we consider cryptocurrencies to be a volatile tool.
On March 18, the Russian Central Bank has invited the Republic of Tatarstan to assist in testing the smart contract function of the digital ruble. The Ministry of Finance of Tatarstan has established a working group to conduct conditional targeted fund expenditure experiments using the central bank's test platform. The test is expected to be completed in the third quarter of 2025. A month earlier, the Russian central bank had "indefinitely postponed" the digital ruble national...
Russia's central bank has proposed a three-year cryptocurrency trading pilot for investors with more than $11.50 million in assets or more than $50 million in annual income, pending government approval.
According to BBG, the Russian central bank will allow investors to make limited cryptocurrency purchases.
The Central Bank of Russia has indefinitely postponed the full launch of the digital ruble project without a new timetable. It is reported that the Russian Central Bank began testing its digital currency in August 2023 through a limited pilot program involving 12 banks and about 600 employees. Wallet functions, money transfers and automatic payments have been tested. Businesses are also exploring the use of the digital ruble for transactions, with preliminary plans to achieve wider adoption by J...
The Russian central bank recently shared its business model for a central bank digital currency (CBDC). All digital ruble transactions will be free by the end of 2025, with the first banks and merchants expected to go live on July 1. The central bank plans to earn fees by operating the system. At the same time, at a hearing in the Russian State Duma last week, the Association of Russian Banks (ABR) said that banks are unhappy with this. They are concerned about the possible outflow of bank depos...
Russian Central Bank Governor Nabiullinna: We have no plans to invest in cryptocurrencies.
The Russian Central Bank has announced that First Deputy Governor Olga Skorobogatova will step down on December 2. She worked in the private sector until joining the central bank in 2014. Skorobogatova is responsible for overseeing the national payment system, IT and financial technology, including the digital ruble central bank digital currency (CBDC). Her position will be replaced by Zulfiya Kakhrumanova, the central bank's director of IT. First Deputy Governor Dmitry Tulin will be responsible...
On September 6th, the Russian Central Bank announced that it will extend the restrictions on the withdrawal of foreign currency cash until March 9, 2025. On March 7th, the Russian Central Bank announced that the restrictions on the withdrawal of foreign currency cash will be extended for another 6 months to September 9, 2024. The Russian Central Bank also extended the measures prohibiting banks from charging fees for foreign currency withdrawals for 6 months. The Russian Central Bank has impleme...
On August 2, according to CryptoSlate, Elvira Nabiullina, the governor of the Russian Central Bank, said in an interview that "by 2031, CBDCs will become part of daily life. The digital ruble has the advantage of free or low transaction fees, which will drive the adoption of CBDCs."
