On January 12, the Russian Central Bank has introduced regulations to regulate foreign exchange operations involving digital rights. According to Russian law, digital rights include electronic records such as cryptocurrencies, tokenized securities, and digital tokens. These rights represent claims or obligations related to assets or services. The new decree, which will come into force on January 11, outlines the obligations of residents engaged in such transactions and aims to clearly define and...
The governor of the Russian Central Bank, Nabiullinna, said that the Russian central bank is expected to test crypto payments for the first time this year.
The Russian central bank has told businesses that they should use a number of options, including cryptocurrencies and other digital assets, to facilitate trade with foreign partners to counter Western-imposed sanctions. Speaking at a financial conference in St. Petersburg, the governor of the Russian central bank, Elvira Nabiullina, pointed out that the issue of payments is one of the main challenges currently facing the Russian economy....