On a day in which Russia's ruble is the subject of low liquidity resulting in suspensions in trading and reductions in leverage, the Russian State Duma introduces the long awaited FX law, providing for a full regulatory structure.
Read moreThe metaphorical tug of war has commenced between Russia's state Duma and FX self regulatory organization CRFIN, with the government proposing 1:50 leverage, and CRFIN rallying the investing public to appeal against it
Read moreFurther bureaucracy has been completed by the Russian government in the latest release of the Forex bill, with leverage being suggested at 1:50 and the previously proposed aspect of brokers having to own their own technology having been removed
Read moreRussia's self-regulatory organization which currently oversees the FX industry has appointed Union of Taxpayers executive committee member and federal tax service senior executive Artem Yuryevich Kiryanov to its Expert Board
Read moreAs the Russian authorities get closer toward finalizing the long awaited Forex bill, capital adequacy requirements may not be as favorable toward brokers as originally anticipated
Read moreAs the Russian Duma continues its evolution of the Forex bill, self-regulatory authority CRFIN appoints audit-consulting group Business Systems Development chairman Igor Dines to Expert Board
Read moreAs Russia's regulatory journey progresses, LeapRate has compiled a detailed research on the proposed Forex bill in order to provide concise and complete information to FX firms wishing to conduct business in the ever-evolving region
Read moreThe State Duma has already been submitted a relevant bill banning and terminating the circulation of USD in Russia, APA’s Moscow correspondent reports. If the bill is approved, Russian citizens will have to close their dollar accounts in Russian banks within a year and exchange their dollars in cash to Russian ruble or other countries’…
Read moreChina and Russia's ever-strengthening trade partnership develops further as the sovereign currencies of the two nations become closer, and access to yuan and ruble liquidity from within both nations is advanced
Read moreRussian self-regulatory authority TSRFIN states that if FX is to be regulated, it should be via combined effort between professional market participants and the central bank.
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