Tag: russian central bank

Jun 15 2022

Russia Still To Ban Crypto? A Bill To Ban Digital Assets Has Passed First Reading

The State Duma, Russia's lower house of parliament, has submitted legislation making it illegal to pay with cryptocurrency. The bill's sponsors want crypto platforms to be tasked with preventing transactions that could promote digital asset payments. Russia May Still Ban Crypto A law proposed a week ago in the State Duma, Russia's lower house of parliament, was quickly passed through first reading. It...

May 19 2022

Russia Will Eventually Allow Crypto Payments, Minister Confirms

The cloud around Russia’s crypto stance is slowly clearing. Denis Manturov, the country’s Industry and Trade Minister, confirmed on Wednesday that Russia will “sooner or later” legalize cryptocurre...

Mar 05 2022

Volumes Of Ruble-Denominated Bitcoin Spike To A Year High

Cryptocurrency has remained a formidable asset for several individuals protecting and securing fiat currencies. This serves as a hedge to preserve your funds, significantly when situations could deflate a country's fiat currency. The recent turbulence in Russia from the Ukraine invasion has pushed most people to throw their money into cryptocurrency. As a result, the trading volumes between Bitcoin and the Russian ruble...

Oct 22 2021

Russian Authorities Consider Proposed Crypto Mining Project Using Associated Petroleum Gas

The Russian government is considering a proposed project to mine crypto using Associated Petroleum Gas (APG). Local oil and gas companies in Russia want to operate crypto mining farms on their oil rigs using APG to generate power. Deputy head of Russia’s Ministry of Industry and Trade, Vasiliy Shpak, presented the proposal to the Ministry of Digitalization and the Bank of...

May 24 2021

Russia Set to Start Digital Rouble Trials From 2022

The Russian Central Bank today announced the trials of National CBDC or Digital Rouble from 2022. The announcement...

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