Tag Archives: bank of russia

Is Russia on Its Way to Adopting Its Own State-Backed CryptoRuble?

Russia may be on the way to adopting its own central bank digital currency, according to Anatoly Aksakov, chair of the State Duma’s Financial Market Committee.The Russian Parliament is studying three bills, introduced in March, to regulate smart contracts, digital currencies, cryptocurrency mining, and initial coin offerings (ICOs). Now it seems that legislators also have a state-backed cryptocurrency in mind.Russia… Read More »

Cryptocurrency Fever is Starting to Fade: Russian Central Bank

Advertisement Elvira Nabiullina, the head of the Central Bank of the Russian Federation, claimed that investors’ excitement toward cryptocurrency has begun to cool. Her remarks came at the FINOPOLIS innovative financial technology forum. Cryptocurrency Fever ‘Beginning to Disappear’ The famed Russian economist and former economic advisor to the Russian President Vladimir Putin represented businesses’ point of view to the… Read More »

Russia Central Bank Head: Cryptocurrency Craze Is ‘Fortunately Fading Away’

The head of Russia’s central bank has announced the “cryptocurrency craze” is “starting to fade away” – and that this is a “fortunate” event. Nabiullina: Businesses Taking ‘Sober Approach’ To Blockchain Speaking during the country’s fourth FINOPOLIS innovative financial technology forum in Sochi October 17, Bank of Russia’s Elvira Nabiullina signaled a change in the stance of “businesses”… Read More »

Russia’s Central Bank: ICO Pilot a Success, Legal Hurdles Remain

Advertisement A regulatory platform operated by the Bank of Russia has concluded an initial coin offering (ICO) pilot, a central bank official has revealed. Speaking at the Eastern Economic Forum in Vladivostok – a port city near the Chinese border –Ivan Semagin, deputy director of financial markets development at the Bank of Russia revealed the authority’s sandbox ICO… Read More »

The Bank of Russia Says Its ICO Experiment Was a Success

The Bank of Russia has successfully conducted an experiment on token issuance, an official said Monday during the Eastern Economic Forum in Vladivostok, Russia, news agency TASS reported Tuesday. Ivan Semagin, deputy director of the financial development department of the bank, told attendees of the forum that the regulator had tested conducting “an experimental ICO based on the… Read More »

Russian Police Seize 22 Cryptocurrency ATMs Under Central Bank Request

Advertisement Russian police have recently seized cryptocurrency ATM machines under orders from the country’s central bank. According to local publication RBC, the ATM developer impacted by the seizure plans to appeal the action, and has incurred economic damage and costs to its reputation, said Sarkis Darbinian, an attorney for the Center of Digital Rights, which defends the company. Artem Bedarev,… Read More »

Russia’s Largest Banks Are Piloting Bitcoin and Crypto Portfolios

Two of Russia’s largest banks are piloting cryptocurrency portfolios for their private clients, the Kommersant newspaper reported Friday. Under the watch of the Bank of Russia, Sberbank and Alfa Bank will offer their clients shares in a special fund that will be trading the six most popular cryptocurrencies on major exchanges, including Kraken and Bitstamp, according to the… Read More »

Russian Treasurers Association Joins Masterchain Banking Pilot

The Russian Association of Corporate Treasurers is joining the nation’s central bank in trialing the government-run Masterchain blockchain platform, the group announced last week. The association is testing Masterchain to facilitate communications within the national banking system, according to the Masterchain white paper. This would mark the latest move to use the platform to replace the SWIFT inter-bank… Read More »

Russia Central Bank: Crypto Risk To Global Finance ‘Small’

Wilma Woo · May 31, 2018 · 3:00 pm The central bank of Russia has repeated its stance on cryptocurrency in its latest statistical bulletin, claiming its impact on global stability is “small.” No Threat To Financial Stability As the country prepares to issue hard-and-fast regulations on cryptocurrency, ICOs and more, the Bank of Russia said that the… Read More »

Blockchain Tech Isn’t Mature Enough Yet, Says Russian Central Bank Official

Advertisement Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. A senior official at Russia’s central bank has contended that blockchain technology needs to improve in security and scale and is currently not ‘mature’ enough. Bank of Russia deputy governor Olga Skorobogatova was speaking at the annual St. Petersburg International Economic Forum during the… Read More »