The government of Russia is preparing to regulate the establishment and action of crypto exchanges, abandoning its earlier proposal of the creation of a unique
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Russian lawmakers propose amendments to digital ruble bill
The bill could be changed regarding debt operations, services for non-residents and the role of the central bank.
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Bank of Russia Expects Significant Growth in Digital Assets Market
The Central Bank of Russia predicts an increase in the issuance of digital assets, citing some of their advantages. The monetary authority has published a
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Russia Projected to Start Purchasing Chinese Yuan for Its Foreign Reserves as Soon as May
Russia will start to purchase Chinese yuan for its international reserves as soon as this month, according to reports from Russian economists. While analysts state
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Russian Banks Set for Record Profits This Year, Central Bank, Rating Agency Say
Bank of Russia raised its forecast for the profits of Russian banks in 2023, expecting results that may break the 2021 record. This year’s high
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No Rate Hikes in Russia, Central Bank Keeps Interest Rate Level Again
Bank of Russia decided to maintain the interest rate at 7.5% amid moderate inflation, estimated at 2.5% on an annual basis in April, although this
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