Bank of Russia Plans to Pilot Digital Ruble in 2021 End

The Bank of Russia is planning to launch a prototype of its central bank digital currency (CBDC) and start piloting as early as late 2021, the monetary regulator’s Deputy Chairman, Alexey Zabotkin, revealed. ...

Bank of Russia Cancels License of FX Dealer PSB-Forex

The Central Bank of Russia has annulled the Forex dealer license of PSB-Forex, the FX subsidiary of Promsvyazbank, nearly four years after the launch of its operations that have been plagued with weak financi...

Russian Central Bank Objects To Ruble Pegged Stablecoins

Russian central bank objects to ruble pegged stablecoins. Senior officials at the Bank of Russia have come out against the question of private stablecoins attached to the Russian ruble. Sergei Shvetsov, the f...

Oil-Backed Cryptocurrency Could Hit Russian Markets Soon

Former Russian Energy Minister Igor Yusufov is proposing an oil-backed cryptocurrency. Yusufov’s project could stand to benefit from a new set of cryptocurrency regulations that the lower house of the Federal...