Agent Trial
Prediction Markets AI Agent Context Fastest News API Agent Trial Log In Sign Up
News Wire / economy

Russia Central Bank to Regulate Crypto Transactions

Business FM Russia Moscow 15d11d Impact 5

Sovcombank and MTS Bank have joined the 'Green Price' loyalty program hosted by the marketplace Ozon. The program has been available for selection by other Russian credit institutions since last autumn. Russian credit institutions are increasingly integrating with digital marketplaces to expand service reach. VTB Bank Chairman Andrey Kostin stated that banks can no longer stifle marketplaces and must instead collaborate or compete with them. VTB is already working with the Wildberries marketplace on several product lines. Analysts suggest this shift toward cooperation between banks and e-commerce platforms will benefit consumers. Partner banks will offer identical discount levels to consumers. This move follows recent regulatory shifts regarding digital assets and market competition.

Sovcombank and MTS Bank have joined the 'Green Price' loyalty program hosted by the marketplace Ozon. The program has been available for selection by other Russian credit institutions since last autumn. Russian credit institutions are increasingly integrating with digital marketplaces to expand service reach. VTB Bank Chairman Andrey Kostin stated that banks can no longer stifle marketplaces and must instead collaborate or compete with them. VTB is already working with the Wildberries marketplace on several product lines. Analysts suggest this shift toward cooperation between banks and e-commerce platforms will benefit consumers. Partner banks will offer identical discount levels to consumers. This move follows recent regulatory shifts regarding digital assets and market competition. The marketplace reported its first net profit last year, largely attributed to its banking operations used for providing these discounts. Starting in May, customers on Ozon will receive discounts when paying with cards from Sovcombank and MTS Money. The Central Bank of Russia announced that cryptocurrency exchanges within the Russian Federation will only be permitted to conduct transactions in a non-cash form. This move aims to align the regulation of the crypto market with the taxation logic applied to stocks and securities.

Topics

banking retail loyalty programs

Developing

  1. 863d Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore.
  2. 863d Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
  3. 863d Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est.
  4. 863d Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium.

Sources · 7 independent

Business FM Russia

“Sovcombank and MTS money joined the marketplace loyalty program called 'Green Price'. The essence is that banks give money to the marketplace, and it directs it to reduce prices.”

Business FM Russia

“российские кредитные учреждения. Маркетплейс ожидает, что количество банков-партнеров вырастет в ближайшее время.”

Business FM Russia

“It will no longer be possible to stifle the banks of marketplaces. Now you must cooperate, interact, and in some cases, compete with them.”

Business FM Russia

“Азон-банк продолжает участвовать в этой программе... Владимир Путин исключил Азон-банк и исперечнивитных организаций, в отношении которых запрет на сделки с акциями и долями”

Business FM Russia

“могут подключиться любые российские кредитные учреждения. Маркетплейс ожидает, что количество банков-партнеров вырастет в ближайшее время.”

Business FM Russia

“Sovcombank and MTS Bank have joined the loyalty program of the marketplace, which is called 'Green Price.' If we simplify it, the essence is that banks give money to the marketplace, and it, in turn, directs it to reduce prices for buyers who pay with partner bank cards.”

Business FM Russia

“Банки и макетплейсы начали договариваться по скидкам. Покупатели на Азон с начала мая смогут получать скидки при оплате картами с сувкум банка и МТС деньгами.”

Business FM Russia

“смогут получать скидки при оплате картами с сувкум банка и МТС деньгами.”

GDELT Global Events

“В ЦБ заявили , что обмен криптовалют в РФ будет проводиться только в безналичной форме Государство пытается приблизить регулирование крипторынка к логике налогообложения акций и ценных бумаг”

Unlock the full story

Get a Pro subscription or above to see the live story progression and the full list of independent sources confirming each event as they happen.

Log in to upgrade