Russia’s top crypto lawmaker says Bitcoin will never be allowed for payments, insisting goods and services must be paid in rubles. Crypto may only serve as an investment, aligning with the central bank’s long-standing opposition.

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"Its long-serving governor, Elvira Nabiullina, has previously called for a total ban on crypto transactions, exchanges, and Bitcoin mining. In 2020, lawmakers pushed through a ban on the use of crypto as a payment method on Russian territory. Since then, the Ministry of Finance and the central bank have been engaged in a protracted tug-of-war over crypto regulation. While the bank repeatedly called for a sweeping, China-style ban, the ministry instead favoured regulating exchanges and taxing traders on their profits."

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Russia’s top crypto lawmaker says Bitcoin will never be allowed for payments, insisting goods and services must be paid in rubles. Crypto may only serve as an investment, aligning with the central bank’s long-standing opposition.

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Russia’s top crypto lawmaker says Bitcoin will never be allowed for payments, insisting goods and services must be paid in rubles. Crypto may only serve as an investment, aligning with the central bank’s long-standing opposition.

More on Central Bank

UK House of Lords committee tells Bank of England to drop £20K retail stablecoin cap and 40% central bank backing rule

Brazil central bank bans crypto use in regulated cross-border eFX payment rails, forcing providers to rely on FX transactions and tightening control over stablecoin flows

South Korea’s central bank nominee supports CBDC-first approach, limiting stablecoin role and prioritizing compliance, oversight, and anti-money laundering frameworks

Rwanda's central bank rebukes Bybit for listing franc-to-crypto P2P pairs without authorization

Nigeria's Central Bank taps KuCoin as sole global exchange for virtual asset supervisory pilot

Malaysia's central bank to launch three stablecoin and tokenized deposit initiatives in 2026.

UK House of Lords committee tells Bank of England to drop £20K retail stablecoin cap and 40% central bank backing rule

Brazil central bank bans crypto use in regulated cross-border eFX payment rails, forcing providers to rely on FX transactions and tightening control over stablecoin flows

South Korea’s central bank nominee supports CBDC-first approach, limiting stablecoin role and prioritizing compliance, oversight, and anti-money laundering frameworks

Rwanda's central bank rebukes Bybit for listing franc-to-crypto P2P pairs without authorization

Nigeria's Central Bank taps KuCoin as sole global exchange for virtual asset supervisory pilot

Malaysia's central bank to launch three stablecoin and tokenized deposit initiatives in 2026.

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