Central Bank of Russia Announces Digital Asset Framework, Regulatory Sandbox Pilot

February 17, 2020 @ 3:55 pm By JD Alois |

The Central Bank of Russia issued a release this week indicating a pilot project leveraging blockchain for the issuance of “digital rights” has been completed. The intent is to allow the tokenization of goods, services, and other assets including securities. Draft legislation is expected soon…. Read More

Report: Head of Russia’s Central Bank Joins Chorus of Regulators Critical of Private Currencies Like Facebook’s Libra

November 9, 2019 @ 2:55 pm By Cali Haan |

Elvira Nabiullina, governor at the Bank of Russia since 2013, told the Russian parliament this week that she supports Fintech innovations but opposes private currencies like Facebook’s Libra because they pose a threat to financial stability. She also said she and the bank are monitoring… Read More

Russian Central Bank Wary of Cryptocurrencies; Sberbank Suspends Crypto Desk Plans

June 1, 2019 @ 7:44 am By Cali Haan |

Bank of Russia head Elvira Nabiullina has told deputies of the State Duma (parliament) in Russia that her organization is wary of cryptocurrencies, Pravo reports: “We are against the legalization of cryptocurrency as a means of payment. We believe that there are big risks for… Read More