Bank of Russia News and Articles

Today Russia’s Central Bank issued a report on the crypto industry, trends, risks, and regulations. The regulator announced its plans to enhance regulations on unbanked cryptos and stablecoins. The institution proposes a full crypto ban, including issuance and operations. It also offers to...

The Bank of Russia management is considering options for introducing new restrictions on cryptocurrency holders. According to the head of the Central Bank Elvira Nabiullina, who already has a negative attitude towards bitcoin, the regulator wants to achieve a ban on the use of the state's financial...

Russia’s Central Bank considers forbidding crypto investments, two financial market sources standing close to the institution told Reuters. As the report informs, the regulator assumes that an increasing number of crypto transactions presents risks to financial stability. In 2020, Russia gave...