Russia’s central bank has urged businesses to consider various payment solutions, including cryptocurrencies and digital assets, to manage transactions with foreign partners and counter Western
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Bank of Russia and Rosfinmonitoring Reveal Fiat-to-Crypto Tracking System Pilot
The Bank of Russia and Rosfinmonitoring revealed the existence of a ‘know your crypto customer’ system pilot, that aims to link the fiat operations of
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Russian Duma Financial Market Chairman States Digital Financial Assets Might Replace Fiat for International Payments
Chairman of the Russian State Duma Committee on the Financial Market Anatoly Aksakov stated that digital financial assets, issued by institutions regulated by the central
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Bank of Russia Supports Cryptocurrency Usage for International Settlements
The Bank of Russia has announced that it will support accelerating the adoption of cryptocurrency payments for international settlements. According to Elvira Nabiullina, governor of
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Bank of Russia: Russians Transacted $51 Billion in Crypto During 2023
The Bank of Russia noted that Russian nationals transacted $51 billion (4.78 trillion rubles) in crypto during 2023. According to an annual report issued by
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Bank of Russia Detected Over 5,700 Pyramid Schemes in 2023
The Bank of Russia reported that the number of pyramid schemes and illegal lending providers in Russia rose to over 5,700 in 2023, an increase
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