Deputy Chairman of the Central Bank Alexey Zabotkin said that the central bank will start “testing rounds” of its CBDC as early as 2022. In October, Bank of Russia head Elvira Nabiullina said that the forthcoming transformation of the economy is taking place, and as a result, “there must be a transformation of the settlement system.”
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Russian court overturns Binance ban
The ruling nullifies the September blacklisting of the cryptocurrency exchange by Russian telecom regulator Roskomnadzor
Roskomnadzor banned Binance’s domain in late September for distributing prohibited information—specifically, instructions about acquiring digital currencies such as Bitcoin (BTC). This may be surprising to some, but Russians are still very much wary of cryptocurrencies. According to a report released at the time, only one in 10 locals would consider investing in digital assets.
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Russian power firm: illegal crypto miners steal $9.5M
Russian power grid firm Rosseti fears that record high prices will encourage illegal Bitcoin miners and threatens to disrupt the country’s electrical grid
Russian power firm Rosseti is afraid that record-high Bitcoin (BTC) prices may spur a new wave of illegal cryptocurrency mining operations stealing electricity and threatening to disrupt Russia’s electrical grid.
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Digital ruble will cut transaction costs and increase transparency: Russian finance minister
Anton Siluanov admitted that he does not know whether a central bank digital currency will be rolled out, but said pursuing one is the best course of action
Russia’s finance minister Anton Siluanov claimed the digital version of Russia’s fiat currency will reduce transaction costs and improve the transparency of settlements
