Bank of Russia | ForkLog

ForkLog 13 18.01.2021

Bank of Russia sets limit on CFA purchases by non-qualified investors

The Bank of Russia has issued several directives concerning the regulation of digital financial assets. One of them, effective from 1 January 2021, sets a limit on CFA purchases by individuals who are not qualified investors at 600,000 rubles per year.

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ForkLog 7 14.01.2021

Banking sector voices no opposition to digital ruble, says Bank of Russia

Bank of Russia officials see demand for using the digital ruble, and none of the Russian banks spoke out against its issuance. This was stated during the discussion 'Does Russia need a digital ruble' by Deputy Chairman of the Bank of Russia Alexey Zabotkin.

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ForkLog 12 12.01.2021

Experts assess risks of the digital ruble for Russia’s economy

The introduction of the digital ruble threatens the central bank's financial independence and increased pressure on commercial players. Analysts at the Skolkovo-RESH financial centre reached these conclusions, RBC reports.

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ForkLog 9 28.12.2020

Bank of Russia to enable pension payments in digital rubles.

Russians will be able to receive pensions in digital rubles if they are issued. In an RTVI interview, Elvira Nabiullina, head of the Bank of Russia, said.

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ForkLog 9 23.12.2020

CBDCs Could Rival SWIFT, Says Bank of Russia

Central bank digital currencies (CBDCs) could rival the international cross-border payments system SWIFT. This view was expressed by Bank of Russia's First Deputy Chairman Olga Skorobogatova, according to RBC.

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ForkLog 11 23.12.2020

Professor at the Russian School of Economics: the digital ruble will be a safer form of money than fiat

The security of the digital ruble will be guaranteed by obligations from the Bank of Russia. This was stated by Oleg Shibanov, professor at the Russian School of Economics, in a VTimes podcast.

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ForkLog 9 22.12.2020

Central Bank says digital ruble could free users from ‘payment slavery’

The digital ruble will reduce the costs of servicing cashless payments, said Olga Skorobogatova, Bank of Russia's First Deputy Chair, at a meeting of the State Duma Committee on the Financial Market, Izvestia reports.

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ForkLog 10 18.12.2020

Nabiullina: The Digital Ruble Will Not Affect Credit and Deposit Rates

The issuance of the digital ruble will not affect lending rates, said the head of the Bank of Russia, Elvira Nabiullina, at a press conference.

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ForkLog 9 02.12.2020

Bank of Russia: the digital ruble will be a third form of money, but not a cryptocurrency analogue

The central bank will independently issue digital rubles, which will become a third form of money and will not be an analogue of cryptocurrencies. This was stated by Deputy Chairman of the Bank of Russia, Alexei Zabotkin, in an interview with Izvestiya.

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ForkLog 7 01.12.2020

Bank of Russia will not allow ruble-backed stablecoins

The Bank of Russia has opposed issuing stablecoins based on the ruble. This was announced by Sergey Shvetsov, First Deputy Chairman of the Bank of Russia.

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ForkLog 9 01.12.2020

Bank of Russia Identifies Cashbery Followers Behind Crypto Investments

The Bank of Russia has uncovered a financial pyramid in which managers from Cashbery participated. Investments in the pyramid were accepted exclusively in cryptocurrencies, said Valery Liakh, head of the central bank's Department for Countering Unfair Practices, in an interview with TASS.

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ForkLog 10 01.12.2020

Sberbank proposes turning all non-cash rubles into digital form

Sberbank presented its own model for issuing and circulating the digital ruble, which differs from the Central Bank of Russia's vision. It was described by Sberbank's Chairman of the Executive Board, Anatoly Popov, at a meeting of the Central Bank with market participants dedicated to the digital ruble.

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