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Tag: Central Bank

Russian Ruble Taps 7-Year High Against the US Dollar — Economist Says ‘Don’t Ignore the Exchange Rate’
News

Russian Ruble Taps 7-Year High Against the US Dollar — Economist Says ‘Don’t Ignore the Exchange Rate’

June 21, 20227 min read

Recent news reports have detailed that Russia’s fiat currency, the ruble, was the best-performing currency worldwide and the articles explained that American economists were perplexed

Cryptocurrencies Carry Systemic Risks, Threaten Ruble, Bank of Russia Insists
News

Cryptocurrencies Carry Systemic Risks, Threaten Ruble, Bank of Russia Insists

April 13, 20223 min read

The spread of cryptocurrencies brings significant risks for Russia’s economy, financial stability, and national fiat, the monetary authority in Moscow has reiterated. The central bank

Bank of Russia Rejects Idea of Using Cryptocurrency to Circumvent Sanctions
News

Bank of Russia Rejects Idea of Using Cryptocurrency to Circumvent Sanctions

April 7, 20223 min read

The Central Bank of Russia has turned down a proposal to allow the use of digital currencies for the purpose of sanctions evasion. The monetary

Idea to Use Digital Ruble as Reserve Currency Circulated in Sanctioned Russia
News

Idea to Use Digital Ruble as Reserve Currency Circulated in Sanctioned Russia

March 20, 20223 min read

A call to make the digital ruble a reserve currency has been issued in the State Duma, the lower house of Russia’s parliament. Meanwhile, concerns

Ukraine’s Largest Bank Suspends Money Transfers to Crypto Exchanges
News

Ukraine’s Largest Bank Suspends Money Transfers to Crypto Exchanges

March 19, 20222 min read

Privatbank, the largest commercial bank in Ukraine, has temporarily halted transfers in national currency to digital asset exchanges. The financial institution explained the move with

Pakistan Central Bank Governor on Cryptocurrency: ‘The Potential Risks Far Outweigh the Benefits’
News

Pakistan Central Bank Governor on Cryptocurrency: ‘The Potential Risks Far Outweigh the Benefits’

February 18, 20223 min read

The Pakistani central bank governor, Reza Baqir, recently revealed that his organization has determined the risks posed by cryptocurrencies “far outweigh the benefits.” The governor,

Russian Government to Present Regulatory Scenarios for Cryptocurrencies Within a Week, Report
News

Russian Government to Present Regulatory Scenarios for Cryptocurrencies Within a Week, Report

February 6, 20223 min read

The federal government of Russia should be ready with different regulatory scenarios for the country’s crypto market by the end of next working week, documents

India Announces Upcoming Launch of Central Bank Digital Currency, Digital Rupee, to Be Issued by RBI
News

India Announces Upcoming Launch of Central Bank Digital Currency, Digital Rupee, to Be Issued by RBI

February 2, 20223 min read

The Indian government has announced the upcoming launch of the country’s central bank digital currency. The digital rupee will be issued by the Reserve Bank

Deloitte: 82% of Indians Surveyed Plan to Invest in Crypto Once Government Provides Regulatory Clarity
News

Deloitte: 82% of Indians Surveyed Plan to Invest in Crypto Once Government Provides Regulatory Clarity

February 1, 20223 min read

A recent survey by Deloitte shows that 82% of Indians plan to invest in cryptocurrency when the government provides more clarity surrounding the regulation of

Russian Government Drafts Roadmap to Regulate, Not Ban Crypto, Report Unveils
News

Russian Government Drafts Roadmap to Regulate, Not Ban Crypto, Report Unveils

January 29, 20224 min read

A roadmap on cryptocurrencies has been prepared by a number of ministries, regulatory bodies, and law enforcement agencies, Russian media reported. The document, which aims

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