Elvira Nabiullina, the Russian central bank governor, recently said central bank digital currencies are the “future for our financial system”
Russian companies have many cryptocurrency tools at their disposal to evade sanctions, including a so-called digital ruble and ransomware
Russia’s central bank proposed banning the use and mining of cryptocurrencies on Russian territory, citing threats to financial stability, citizens’ wellbeing and its monetary policy sovereignty
Russia plans to legalize cryptocurrency for international trade as a way to circumvent U.S. sanctions and boost its economy
Russia emerged as one of the powerhouses in the crypto industry during the ICO era of 2016-18, with many startups and investors exploring new ways of integrating crypto and blockchain technology into everyday practices