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“# Russia’s central bank to study crypto investment risks ” Russia’s central bank has scheduled a risk assessment for cryptocurrencies like Bitcoin (BTC), according to the Bank of Russia’s screening program for the second half of 2021. The examination of the potential risks of cryptocurrency investing will consider “systemic risks linked to cryptocurrency investment by Russian…
“# Bank of Russia forms first digital ruble testing group ” The central bank of Russia is setting up a group of banking institutions to test its central bank digital currency (CBDC) next year. On Tuesday, the Bank of Russia officially announced the establishment of the first pilot group for testing the digital ruble, bringing together…
“# Crypto is the most dangerous investment, Bank of Russia governor says ” The Bank of Russia continues its tough stance on cryptocurrency trading despite growing concerns over the country missing out on the digital asset industry. The governor of Russia’s central bank, Elvira Nabiullina, reiterated the bank’s negative stance on crypto in a Monday…
“# Russian oligarch Deripaska blasts Bank of Russia for ignoring Bitcoin ” Russian industrial tycoon Oleg Deripaska is the latest figure to criticize the Bank of Russia’s stance on cryptocurrency regulation in the country. Deripaska took to his official Telegram channel on Thursday to blast the Russian central bank for pressuring the crypto industry to…
“# Russian central bank ‘short-sighted’ regarding crypto, lawmaker says ” A Russian State Duma member has blasted the central bank’s tough stance on the cryptocurrency industry for ignoring the growing demand for crypto in the country. Fedot Tumusov, a member of the “A Just Russia” party representing the Siberian region of Yakutsk, has criticized the…
“# CEOs of top Russian banks Sberbank and VTB blast Bitcoin ” Sberbank and VTB, the two biggest banks in Russia, are not willing to move into the cryptocurrency market in the near future as their CEOs believe that crypto is either too risky or fake money. Sberbank CEO Herman Gref said that cryptocurrencies like…
“# Russian central bank policies stop Tinkoff from offering crypto trading, CEO says ” Tinkoff, a major private bank in Russia, is struggling to offer cryptocurrency trading to its clients due to the central bank’s tough stance on digital assets. Tinkoff CEO Oliver Hughes said that the digital bank is willing to offer crypto trading…
“# Russian Bitcoin critic says he would have bought BTC for 100 rubles ” Anatoly Aksakov, a member of the Russia’s State Duma and a key spokesman for the country’s cryptocurrency legislation process, claimed that he has never owned any Bitcoin (BTC). Aksakov said that he doesn’t hold any Bitcoin and likely won’t, as the…
“# Russian lobby group launches new campaign against anti-crypto laws ” A group of Russian lobbyists led by the law firm Digital Rights Center has launched a new campaign against regulatory initiatives that they feel are impeding cryptocurrency adoption in the country. The group has created a platform designed to help resist the adoption of…
“# Digital ruble is ‘highest form of money’, Russian Bitcoin critic says ” Anatoly Aksakov, chairman of the Russian State Duma Committee on Financial Markets, believes that the country’s not-yet-launched digital currency is the “highest form of money.” In a Monday interview with state media RT, Aksakov expressed optimism about Russia’s upcoming central bank digital…