Anatoly Aksakov – Ƀitsell X

Head of the State Duma’s Financial Market Committee: National Digital Currencies to Be Considered for Bilateral Settlements Between China and Russia

September 6, 2024

Anatoly Aksakov, head of the State Duma’s Financial Market Committee, has discussed the use of national digital currencies for bilateral settlements between Russia and China. In a recent interview with Russian media, Aksakov stated that these instruments will be considered for such settlements as soon as the regulatory and technological platforms for this task are…
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State Duma Financial Market Committee Leader Envisions Bitcoin and Digital Ruble Exchanges

August 3, 2024

Anatoly Aksakov, chairman of the Financial Market Committee of the State Duma, the Russian equivalent to the U.S. House of Representatives, has predicted that bitcoin and digital ruble exchanges will become a reality in the coming years. Aksakov also foresees the need for digital ruble-based P2P markets to serve this goal in the future. Russians…
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Leader of Russian State Duma’s Financial Market Committee Labels ‘Hamster Kombat’ a ‘Scam’ and Calls for Its Termination

July 23, 2024

Anatoly Aksakov, the Chairman of the Russian State Duma Committee on the Financial Market, has stated that ‘Hamster Kombat’, a popular tap-to-earn game, should be stopped in Russia. Aksakov emphasized that ‘Hamster Kombat’ manipulates the psyche of citizens, leading them to believe that they can become wealthy with minimal effort through playing this type of…
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Cross-Border Digital Ruble Payments May Become a Reality in 2026

July 23, 2024

Generalized international settlements using the Russian digital ruble will not be available until 2026, according to statements from Anatoly Aksakov, Chairman of the State Duma Committee on the Financial Market. Aksakov stated that in 2025, authorities plan to expand the current pilot stage to implement these transactions within Russia. Subsequently, they will generalize and test…
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Russian State Duma Official: International CBDC Settlements to Become ‘Common Practice’ in 5 Years

June 7, 2024

Anatoly Aksakov, Chairman of the Russian State Duma Financial Markets Committee, has predicted that international trade will migrate to CBDC for settlements during the next five years. Aksakov stressed that not many countries have made progress using these digital currencies, but he believes this will be addressed soon. Russian State Duma Official Bets on National…
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Russia to Enact a Ban on Domestic Operations Of Cryptocurrency Exchanges

April 30, 2024

Russia is preparing to enact a ban on the organization of cryptocurrency exchanges in the country via the approval of a bill that regulates mining activities. According to statements made by Russian Duma Financial Market Chairman Anatoly Aksakov, digital financial assets like the digital ruble will be allowed to circulate. State Duma to Enact Ban…
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Russian Duma Financial Market Chairman States Digital Financial Assets Might Replace Fiat for International Payments

April 19, 2024

Chairman of the Russian State Duma Committee on the Financial Market Anatoly Aksakov stated that digital financial assets, issued by institutions regulated by the central bank, could replace fiat channels for international settlements. Aksakov also acknowledged that while not being controlled for this use case, digital assets were already being used to settle international payments.…
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Russia Introduces Bill to Apply Money Laundering Controls to Digital Ruble Transactions

March 20, 2024

A group of lawmakers in Russia introduced a bill that would extend money laundering controls to digital ruble transactions. The proposal, spearheaded by the Chairman of the State Duma Committee on the Financial Market Anatoly Aksakov, establishes different responsibilities for platform participants and the Central Bank of Russia, which is appointed as the main AML…
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Kids Won’t Be Able to Spend Mom’s Digital Ruble as They Wish, Russian Official Says

July 21, 2023

The new form of Russia’s fiat, the digital ruble, will make spending more efficient for both government and family budgets, according to a high-ranking lawmaker. Anatoly Aksakov, who was involved in the recent adoption of the new digital ruble legislation, highlighted some of the advantages of programmable central bank money as he sees them. Central…
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Russian State Duma Passes Digital Ruble Law

July 13, 2023

The State Duma, the lower house of the Russian Federal Assembly, discussed and passed the Digital Ruble law in its second and third discussion on July 11. The law will allow the Central Bank of Russia, as the sole regulator of the proposed digital currency, to organize a pilot test slated for August. State Duma…
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