All by tag: CentralBank

According to the document, the adoption of BTC will increase the availability of financial instruments and public awareness when dealing with them

Cryptocurrency mining can become legal if the income of miners is realized outside the country

According to a representative of the Central Bank, the digital currency will be designed to replace banknotes at the disposal of the population

Olga Skorobogatova, First Deputy Governor of the Bank of Russia, also added that a roadmap for implementing the asset into the financial system will appear at the end of 2023

In the second phase of the pilot launch, the asset will be integrated into smart contracts

The department suggests that digital assets should not be used as a means of payment, but that transactions should be formalized as barter in private transactions

Elvira Nabiullina also noted that digital assets should not be used in organized trading within the country because of their volatility

According to Deputy Anatoly Aksakov, the relevant departments are leaning towards a decision to tighten controls on digital assets and mining

The share of citizens owning the first cryptocurrency has reached 13% of the country’s population

According to the regulator’s report, the country’s share of mining equals the energy consumption of 200 000 households

Central bank digital currency Jam-Dex will be launched by the end of June

The new platform is designed to simplify the initial sale of digital assets