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Tag: bank of russia

BRICS Is Developing a Blockchain Payment System

Russia, a member of the BRICS alliance, announced the development of a new blockchain-based payment system to revolutionize trade settlements. The system is set to...

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Russian Bank Defies Sanctions with New Crypto Payments System

Rosbank launches a cross-border crypto payments system, defying sanctions. The bank is currently conducting test transactions with private and corporate clients. This move marks...

Russia Drops State-Backed Crypto Exchange Plans, Rolls Out New Regulatory Model For Industry

Advertisement &nbsp &nbsp Russia terminates plans to launch a state-owned digital asset exchange with plans to back private investors. According to authorities, the rules...

Bank of Russia Delays CBDC Pilot Rollout

The Bank of Russia's central bank digital currency (CBDC) pilot, which was scheduled to begin on April 1, has been delayed indefinitely due to...

Russia Postpones CBDC Launch: Banks Willing to Start Experiment

Russia has postponed the launch of its pilot project with the digital ruble to early May. The decision is to launch the digital ruble...

Russian Parliament Votes on Bill Opening Door for Digital Ruble

Russian lawmakers have approved a draft law facilitating the implementation of the digital version of the national currency, the ruble. The legislation amends...

Russian Crypto Industry Queries Government About Proposed Criminal Liability for Miners

The organization representing Russia’s crypto sector has asked the government in Moscow to clarify a proposal to introduce criminal liability for “gray” miners....

Revised Bill Suggests Prison Time for Russian Crypto Miners Evading Taxation

A draft law designed to regulate crypto mining in Russia introduces harsh penalties for miners failing to report digital assets to the state....

Russia to Launch CBDC First Consumer Pilot of CBDC on April 1

11 hours ago | 2 mins read Altcoin News The planned CBDC pilot will include actual businesses and real consumers. The participating...

Russia’s Largest Private Bank Launches Digital Asset Platform

Alfa-Bank, one of the major Russian banking institutions, has established its own platform for digital financial assets. The launch became possible after Russia’s...

Russia’s Sberbank Reportedly Developing Ethereum-based DeFi Platform

3 hours ago | 2 mins read Blockchain News The platform is now under closed beta testing as per Konstantin Klimenko. Sberbank...

Banks in Russia to Lose $700 Million a Year Due to Digital Ruble, Experts Say

Russian banks may be the main losers from the introduction of a digital ruble while retailers will save on acquiring fees, analysts have...

Iran and Russia Consider Issuing Gold-Backed Stablecoin, Officials Unveil

Tehran and Moscow are discussing the possible launch of a stablecoin for international settlements, the Russian press revealed. In order to mint the...

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