Bank of Russia | ForkLog

ForkLog 7 25.11.2021

Bank of Russia: Russians’ annual cryptocurrency trading volume stands at around $5 billion

Residents of the Russian Federation are among the most active participants in the cryptocurrency market, according to the Bank of Russia's Financial Stability Review for Q2–Q3 2021.

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ForkLog 17 22.11.2021

Russia to Introduce Liability for Illicit Circulation of Digital Assets

The Bank of Russia proposes to introduce liability for illicit circulation of digital financial assets (DFA) and to establish a framework for taxing operations with them.

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ForkLog 9 18.11.2021

Bank of Russia opposes Bitcoin payments domestically

Russian authorities should not stimulate the spread of cryptocurrencies in the country, says the head of the Central Bank of Russia, Elvira Nabiullina.

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ForkLog 11 18.11.2021

Bank of Russia weighs commissions on digital ruble operations

The owners of the digital ruble will pay commissions for performing operations with the asset. This was stated by Kirill Pronin, director of the Bank of Russia's Department of Financial Technologies.

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ForkLog 16 17.11.2021

Bank of Russia blacklists eight firms offering ‘earnings from Bitcoin’

On 17 November, the Bank of Russia expanded its list of companies with signs of illicit activity on the financial market. Eight of them attracted participants under the guise of investments in cryptocurrencies.

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ForkLog 14 16.11.2021

Duma flags risks in digital ruble rollout

The digital ruble poses risks to Russia's financial sector and to information security. This follows from the conclusion of the State Duma Committee on the Financial Market.

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ForkLog 7 15.11.2021

Nabiullina outlines conditions for deploying the digital ruble

The Russian economy will gain a digital form of its national currency only if a number of conditions for its functioning are met.

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ForkLog 13 09.11.2021

Nabiullina: digital ruble will become a full replacement for cryptocurrencies for Russians

Cryptocurrencies and stablecoins threaten the financial stability of the state, but CBDCs can counter this risk. This was stated by Elvira Nabiullina, head of the Bank of Russia.

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ForkLog 15 02.11.2021

Analysts forecast 9-trillion-ruble outflow from banks as digital ruble launches

The introduction of the digital ruble could lead to liquidity outflows from Russian banks. According to the Center for Macro-Economic Analysis and Short-Term Forecasting (ЦМАКП), up to 9 trillion rubles could flow from banks into the new asset by the end of 2024.

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ForkLog 8 29.10.2021

Central Bank flags a new type of gaming financial pyramid that raises funds through cryptocurrencies

The Russian central bank has recorded the spread of a new type of financial pyramid schemes masquerading as online investment games, which also attract funds via cryptocurrencies. This was stated by Valery Lyakh, head of the Central Bank's Department for Combating Improper Practices.

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ForkLog 4 27.10.2021

Bank of Russia: Smaller banks see more opportunities in the digital ruble than drawbacks

The launch of the digital ruble aims to increase accessibility and convenience of payment services, and to reduce the cost of services, said Olga Skorobogatova, First Deputy Chairman of the Bank of Russia.

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ForkLog 15 26.10.2021

Company offering ‘ruble-denominated mining’ lands on the Central Bank of Russia’s blacklist

On 25 October, the Bank of Russia expanded the warning list of companies showing signs of illegal activity on the financial market.

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