The government and central bank of Russia are now working on a draft law that will treat cryptocurrency as an “analogue of currencies” rather than digital financial assets. Bitcoin transactions and possession of cryptocurrency in the Russian Federation must be done through a digital currency exchange organizer (a bank) or a peer-to-peer exchange licensed in the country. Russia’s regulation will seek to integrate a mechanism for the circulation of digital currencies into the country’s financial system while ensuring control over credit institutions’ cash flows. This is a development for Russia compared to January wherein the Bank of Russia called for a nationwide crypto ban and said that financial firms should not facilitate crypto transactions. Read more in our articles including "Russian gov’t, central bank to regulate cryptocurrencies" and "BPI to remove InstaPay, PESONet transfer fees starting July 1".
The government and central bank of Russia are now working on a draft law that…
Feb 9, 2022
Bank of the Philippine Islands (BPI) will permanently remove transfer fees for InstaPay and PESONet…
Jun 29, 2026
Pasig Mega Market now has satellite-powered internet to support cashless payments under the Paleng-QR Ph…
Jun 21, 2026
The Bangko Sentral ng Pilipinas (BSP) has introduced new rules aimed at making electronic payment…
Jun 19, 2026
The Bangko Sentral ng Pilipinas (BSP) said it is reviewing the recent service disruption that…
Jun 18, 2026
Mynt, the fintech company behind GCash, has authorized the filing of a registration statement with…
Jun 17, 2026The government and central bank of Russia are now working on a draft law that will treat cryptocurrency as an “analogue of currencies” rather than digital financial assets. Bitcoin transactions and possession of cryptocurrency in the Russian Federation must be done through a digital currency exchange organizer (a bank) or a peer-to-peer exchange licensed in the country.
Russia’s regulation will seek to integrate a mechanism for the circulation of digital currencies into the country’s financial system while ensuring control over credit institutions’ cash flows. This is a development for Russia compared to January wherein the Bank of Russia called for a nationwide crypto ban and said that financial firms should not facilitate crypto transactions.
Our coverage of russia bitcoin includes: "Russian gov’t, central bank to regulate cryptocurrencies"; "BPI to remove InstaPay, PESONet transfer fees starting July 1"; "Pasig Mega Market gets Starlink internet for cashless payments". Each article provides unique insights and information.