Two of Russia's largest banks are planning to launch a cryptocurrency portfolio product for their private banking clients, Kommersant reported.
The Russian Association of Corporate Treasurers is joining the nation's central bank in trialing the government-run Masterchain blockchain platform.
A senior official at Russia's central bank has said blockchain technology is immature but may have industrial-scale applications.
The Bank of Russia and the country's Finance Ministry have reportedly resolved a disagreement over the specifics of a proposed cryptocurrency law.
While the ICO market continues to heat up, two top banking executives have spoken of their concerns about the technology.
A former Russian central banker has spun a blockchain startup out of a traditional payments firm, focusing on helping merchants mint cryptocurrency.
New statements by Russia's top card issuer suggests the domestic financial industry is still warming slowly to blockchain.
Russia's central bank believes the time is right to develop and launch its own digital currency, one of its senior officials said today.
Bitcoin's legal status in Russia is again uncertain after a central bank official backed away from positive statements from its Ministry of Finance.
Russia’s government is reportedly planning to recognize bitcoin as a type of financial instrument next year.