The Bank of Russia has identified cryptocurrency use as a financial market risk, warning that stablecoins and other digital assets could increasingly be used by Russians as substitutes for the national currency. The central bank outlined the concerns in its…

India and Russia have begun working on a digital currency settlement mechanism for bilateral trade as their central banks examine how state-issued currencies could be used for cross-border payments. Sberbank Chief Executive Officer Herman Gref said the Bank of Russia…

Russia has made taxpayer identification numbers a mandatory part of opening digital depository accounts used to record cryptocurrencies and digital rights as authorities tighten identity checks across the country’s newly regulated crypto market. Russia’s Federal Financial Monitoring Service, known as…