Digital Ruble | ForkLog

ForkLog 49 04.10.2024

Russian State Duma Committee Endorses AML Regulations for Digital Ruble

The State Duma’s Financial Market Committee has recommended the first reading approval of a bill to extend AML regulations to participants of the digital ruble platform, as reported by Izvestia. The initiative proposes a multi-tiered model for implementing anti-money laundering requirements. All platform users, except credit institutions, will be categorized by the Bank of Russia […]

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ForkLog 24 12.09.2024

Russia’s Central Bank Sets Timeline for Digital Ruble Access

By July 1, 2025, Russia’s largest banks are required to offer clients access to digital ruble operations, including account opening, funding, and transfers. The Central Bank of Russia has submitted the relevant proposals for legislative amendments to the Ministry of Finance. Other banks with a universal license have until July 1, 2026, to update their […]

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ForkLog 13 03.09.2024

Sberbank Advocates for Legalisation of Cryptocurrency Payments

Russia’s Sberbank supports the recognition of cryptocurrencies and stablecoins as legitimate payment instruments. This was stated by the bank’s Deputy Chairman of the Board and Head of Corporate and Investment Business, Anatoly Popov, in an interview with Reuters. According to him, the legalisation of mining in Russia and the possibility of international settlements in digital […]

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ForkLog 28 15.08.2024

Survey Reveals 59% of Russians Uninterested in Digital Ruble

The Bank of Russia plans to expand its digital ruble pilot by September, incorporating dozens of new participants. However, a majority of Russians remain uninterested in using the instrument, according to a survey by VTSIOM. The regulator has stated that the testing of the CBDC is progressing as planned. Currently, around 20 banks are preparing […]

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ForkLog 16 26.06.2024

Russia Plans Platform for Digital Ruble Transactions

Russia, in collaboration with the central banks of BRICS nations, is working on launching the BRICS Bridge platform for transactions in national currencies, including digital ones. This was reported by Izvestia, citing Deputy Finance Minister Ivan Chebeskov. The new system will enable direct transactions between countries and reduce the impact of Western sanctions on international […]

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ForkLog 10 18.06.2024

Bank of Russia Proposes Freeze on Suspicious Digital Ruble Transactions

The Bank of Russia has unveiled a draft directive to introduce a “cooling-off period” for suspicious digital ruble transactions, according to Interfax. Transfers are to be suspended for a couple of days if there are doubts about the voluntary consent of clients. In such cases, users will need to reconfirm the transaction order. The regulator […]

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ForkLog 13 17.06.2024

New Digital Ruble Scam Alert Issued in Russia

Fraudsters are attempting to steal funds from Russians under the guise of converting them into digital rubles, reports the Telegram channel Lapsha Media. They are sending messages purportedly from the Bank of Russia, claiming that cash and non-cash rubles have supposedly become obsolete. To avoid losing funds on their bank cards, victims are advised to […]

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ForkLog 18 10.06.2024

Moscow to Implement Digital Ruble for Public Transport Payments

Moscow Mayor Sergey Sobyanin and the First Deputy Chairman of the Bank of Russia, Olga Skorobogatova, have signed a cooperation agreement to develop the digital ruble platform as part of the SPIEF-2024. This was reported by TASS. Following the widespread adoption of the national CBDC, passengers will be able to pay for all types of […]

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ForkLog 13 31.01.2024

Seventeen More Banks Join Digital Ruble Testing

Seventeen additional banks have joined the pilot project for testing the digital ruble, having signed the necessary agreements. This was reported by the Central Bank of Russia. The new participants include Sberbank, Tinkoff Bank, Rosselkhozbank, Russian Standard Bank, Novikombank, Tochka Bank, the settlement non-bank credit organization “Dengi.Mail.Ru”, Expobank, RNKB, AB “Russia”, MSP Bank, VBRR, Orenburg […]

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ForkLog 17 10.01.2024

Russia to Pilot Digital Ruble for State Purchases in Chuvashia

In 2024, Russian authorities plan to test the digital ruble in specific areas of budgetary spending, according to Anatoly Aksakov, head of the State Duma’s Financial Market Committee, in an interview with Rossiyskaya Gazeta. He stated that the new asset will be used for social payments to citizens and state purchases. This could include funding […]

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ForkLog 5 09.12.2023

Russian Finance Ministry: Digital ruble to be available to all in 2024

In 2024, all Russians will be able to open a wallet to pay with digital rubles. This was stated by Russian Finance Minister Anton Siluanov.

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ForkLog 9 07.12.2023

Digital ruble integrated into Russia’s tax system

On 7 December, the Russian State Duma passed a law providing for the integration of the digital ruble into the tax regulation and oversight system.

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