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CryptoCurrency

Russia to Charge Commissions on Digital Ruble Transactions from 2025

Individuals have to pay as much as 0.3 percent of the transaction value.
The Russian President granted the law around the digital ruble last month.

Friday, 04/08/2023 | 09:23 GMT by Arnab Shome

CryptoCurrency

Russia Indefinitely Delays Digital Ruble Pilot

The digital ruble pilot was scheduled to start on April 1.
13 Russian banks confirmed technical readiness to participate in the program.

Wednesday, 29/03/2023 | 10:52 GMT by Arnab Shome

Institutional FX

Moscow Exchange’s Forex Market Relapses to RUB 17.3 Trillion in July

In June, MOEX's FX volume recovered, reaching RUB 17.8 trillion.
Nonetheless, spot forex trades climbed 10.4% to RUB 8.2 trillion.

Tuesday, 02/08/2022 | 22:45 GMT by Solomon Oladipupo

Institutional FX

Russian Central Bank Changes Process of USD-RUB Rate Calculation

It has expanded the time range of calculation for the consideration of more transactions.
Also, it will set the exchange rate of the euro similar to other foreign exchanges.

Monday, 14/03/2022 | 08:02 GMT by Arnab Shome

Institutional FX

Russia's Central Bank Halts Ruble Plunge as Markets Experience Freefall

Russia's Central Bank halted the Ruble plunge amid a wider market crisis.
The regulator moved to reduce the volatility of financial markets.

Wednesday, 26/01/2022 | 12:56 GMT by Nicholas Otieno

CryptoCurrency

Russia’s Central Bank Proposes Ban on the Use and Mining of Crypto

The central bank of Russia calls for a complete ban on crypto.
The regulator says that crypto activities are a threat to financial stability.

Thursday, 20/01/2022 | 18:26 GMT by Nicholas Otieno

News

Report Says Russians Transact over $5 Billion per Year with Cryptos

Russians are highly active on a global basis in the cryptocurrency market.

Thursday, 25/11/2021 | 20:35 GMT by Felipe Erazo

Retail FX

Russian Central Bank Grants FX Dealer License to BCS-Forex

Now, four regulated FX dealers are operating in the country.

Thursday, 18/11/2021 | 13:14 GMT by Arnab Shome

News

Russia to Launch Digital Ruble Prototype in Early 2022

The central bank will launch a pilot program to test the CBDC prototype.

Tuesday, 09/11/2021 | 13:38 GMT by Arnab Shome

Regulation

FX Global Code of Conduct Recognised by Central Bank of Russia

The country’s mega regulator joins a number of key adopters who have pledged to adhere to the code’s principles.

Friday, 15/01/2021 | 15:11 GMT by Aziz Abdel-Qader

Regulation

Russia Allows Remote Verification of FX Clients

The law came into effect on January 11.

Friday, 15/01/2021 | 10:47 GMT by Arnab Shome

Regulation

Central Bank of Russia Cancels Banking License of Morgan Stanley

The cancellation is part of Morgan Stanley’s efforts to scale down its business in Russia.

Wednesday, 27/05/2020 | 11:29 GMT by Celeste Skinner

News

Bank of Russia Green Lights Norilsk Nickel's Tokenization Platform

It was among the biggest projects under the central bank’s sandbox program.

Monday, 17/02/2020 | 13:27 GMT by Arnab Shome

Analysis

The Bearish Bear: "There is No Russian Forex Market"

After the central bank revoked the licenses of top brokers in Russia, the local FX market is largely non-existent.

Monday, 17/06/2019 | 08:52 GMT by Celeste Skinner

Regulation

Russia’s Central Bank Pushes for Gold-backed Cryptocurrency

The future of cryptocurrency in Russia remains uncertain, with officials raising questions about legalizing it.

Thursday, 23/05/2019 | 16:59 GMT by Aziz Abdel-Qader

Brokers

Russian Self-Regulator Reports Illegal Moscow City Brokers

Global FX and FX Open Markets Limited have been identified by the industry body as illicit

Wednesday, 27/03/2019 | 10:26 GMT by Victor Golovtchenko

News

Oil-Backed Cryptocurrency Could Hit Russian Markets Soon

The new cryptocurrency would coincide with new cryptocurrency regulations from the Russian government.

Monday, 25/02/2019 | 07:48 GMT by Rachel McIntosh

Brokers

Russian Brokers Wrap Up Operations in Wake of Regulatory Change

The local regulator ordered five of the country's largest brokers to cease operations at the end of last year

Tuesday, 29/01/2019 | 11:32 GMT by David Kimberley

Regulation

InstaForex Parent Sues Russian Regulator for Revoking FX License

The company was among five foreign exchange dealers operating in the country that saw their licenses revoked last month.

Monday, 28/01/2019 | 16:17 GMT by Aziz Abdel-Qader

Brokers

Alpari to Cease Operations with Russian-Regulated Entity

The move comes after the Central Bank of Russia announced it would be revoking the broker's license

Thursday, 10/01/2019 | 09:38 GMT by David Kimberley

Analysis

ParagonEX Enters Asia, DX.Exchange Goes Live: Best of the Week

Catch up on the top stories from the past week.

Sunday, 06/01/2019 | 13:08 GMT by Finance Magnates Staff

Brokers

Russian Market Closure Shocking, But Hardly a Surprise

The oligopoly of the Russian forex brokerage industry has been a long time coming.

Friday, 04/01/2019 | 13:06 GMT by Victor Golovtchenko

Regulation

TeleTrade Suspends Russian Trading Operations Amid Crackdown

The central bank had given a months notice to the five FX dealers to cease all operations.

Monday, 31/12/2018 | 14:32 GMT by Arnab Shome

News

Binance Lists XRP, GMO Abandons Crypto Mining: Best of the Week

Catch up on the top stories from the past week.

Sunday, 30/12/2018 | 08:39 GMT by Celeste Skinner

Brokers

Putin Spokesperson Supports Bank of Russia's Forex Actions

A total of 2000 clients held just over $500,000 in deposits at the five brokers which got suspended.

Friday, 28/12/2018 | 17:52 GMT by Victor Golovtchenko

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