#Bank of Russia

Suddenly Russia’s Central Bank Sees ICO Investment Potential

A senior official at Russia’s Central Bank insists the so called initial coin offerings (ICOs) could drive funding opportunities for startups, which is why the regulator is ready support the development of the blockchain funding model.

Russia’s Stance Towards Cryptocurrencies Remains Ambiguous

Speaking at the state-owned TV channel Russia 1, the country’s finance minister Anton Siluanov has stated that bitcoin will not replace ruble for internal settlements.

Russia’s Central Bank Issues Cryptocurrency Risks Warning

The Bank of Russia believes admitting cryptocurrencies or any other financial instruments associated with digital currencies to trading and turnover in Russia’s clearing infrastructure is premature.

No Huge Benefits from Introducing Bitcoin Insists Russian Central Bank

Elvira Nabiullina, the head of Russia’s Central Bank, says the regulator is analyzing introduction of bitcoin regulation, however, it doesn’t want to hurry things since it sees a lot of inherent risks. Speaking at the St. Petersburg International Economic Forum, she told CNBC: “We’re analyzing now this possibility and I think we should understand more […]

Bank of Russia to Create a Blockchain Consortium

The Bank of Russia is in the process of creating its own blockchain consortium focused on complex research of the technology and the opportunities it may provide.

Russian Central Bank: Evolution of Fintech Companies Will Cause Bank Affiliations to Disappear

Development of financial technologies and fintech companies will optimize the Russian banking network, while the banks themselves will be engaged in creating infrastructure for fintech companies providing various services to their customers. This is the brief extract of the speech given at Fintech Lab 2016 on June 28 by Vadim Kalukhov, director for financial technology […]

Russian Central Bank Wants to Separate Blockchain from Bitcoin

Vadim Kalukhov, head of newly established Department of Financial Technologies, Projects, and Process Organization of the Bank of Russia, has confirmed the regulator’s interest for blockchain technology. In his interview with FutureBanking Kaluhkov, however, insists that terms “bitcoin”, “blockchain” and “distributed ledgers” shall be approached separately.