Cryptocurrencies to inevitably play important role in settlements

China is already developing its cryptocurrency, and Russia is also considering this issue, the Russian Foreign Minister added. MOSCOW, June 9. /TASS/. Cryptocurrencies will be definitely used proactively in international settlements, Russian Foreign Minister Sergey Lavrov said on Wednesday. “I think time will inevitably come when cryptocurrencies will play a very significant role, hold a […]

Sber could issue blockchain-based digital currency as early as this year

Sber, the state-controlled financial and tech giant, could issue its own digital financial asset, ‘Sbercoin,’ as early as this year. The registration of an in-house blockchain platform, developed for this purpose, is pending final approvals from the regulator. Sber’s blockchain platform will be made available not only to the bank, but also to other companies […]

21% of Muscovites think crypto and digital currencies will replace fiat in 10 years

According to a recent poll, 14% of Russians think crypto will replace fiat in 10 years, while 39% think it’s impossible to give up cash. New research from one of the top 10 major banks in Russia, Otkritie Bank, has found that 14% of Russians think crypto will replace fiat in 10 years. According to […]

Foreigners Master Big Data, Blockchain, Other Tech in Russia

Students from different countries come to Russian universities to study programming. They are attracted by the high quality of education and the opportunity to find a well-paid job back at home after graduation. International students have been attracted to the bachelor’s degree for foreign nationals in the Software Engineering programme of the National Research University […]

Digital ruble will undercut bank profits but help businesses: Bank of Russia

Russia’s central bank wants the digital ruble to help businesses by cutting out financial middlemen. Russia’s digital ruble is expected to reduce business costs, but could also cut profits for commercial banks, according to Elvira Nabiullina, the chairwoman of the Bank of Russia. At a Dec. 3 meeting of “Opora Russia,” a non-governmental organization of […]

Russian central bank opposes ruble-pegged stablecoins

Russia wants to follow China’s approach of banning private stablecoins pegged to its national fiat currency. Senior officials at the Bank of Russia have come out against the issuance of private stablecoins pegged to the Russian ruble. Sergei Shvetsov, a first deputy governor of the Russian central bank, said that the bank aims to ban […]

Russia Legalizes Crypto, Citadel Securities Fine, LINK: Editor’s Pick

In a relatively quiet week in the newsroom, here are the standout stories from the worlds of forex, fintech, and crypto, in our best of the week segment. Russia Legalizes Cryptocurrencies Terming Them Property In a bold move that dominated the crypto news this week, The Russian State Duma has passed a bill on Wednesday legalizing cryptocurrencies in […]

Putin in or Out? Russia Goes Live With Blockchain Voting

Blockchain technology will play a role in determining whether Russian President Vladimir Putin will get to rule until 2036. The Russian government announced the news via a website notice on Friday. According to the report, citizens over the age of 18 will be able to cast e-votes on a planned constitutional amendment that seeks to […]

Are Developing Nations Really Warming up to Crypto Assets?

There have always been questions as to who is buying cryptocurrencies and for which specific purpose. In undeveloped countries, the adoption of crypto assets is progressing rather quickly, according to a new report. For years now, people have claimed how Bitcoin can transform Arica in terms of finance. Crypto Adoption in Developing Nations For equally […]

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