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Bank of Russia Outlines Payment Models With Digital Ruble, Other CBDCs

Leave a Comment / Bank of Russia, Bitcoin, C2B, CBDC, CBDCs, CBR, Central Bank, Crypto, Crypto Hacked, crypto payments, Cryptocurrencies, Cryptocurrency, Digital Currencies, Digital Currency, digital ruble, Ethereum, Finance, Payments, presentation, Proposals, ruble, Russia, russian, Testing, transactions, trials / / / , , , , , , , , , , , , , , , , , , , , , ,

The Central Bank of Russia has detailed two methods for implementing the digital ruble and other state-backed coins in international settlements. The monetary authority also plans to start testing consumer-to-business (C2B) operations in the first quarter of the year. Russia’s Central Bank to Propose Platforms for Digital Currency Payments in Foreign Trade Moving forward with […]

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World Bank Report Forecasts Bleak Global Economic Outlook, Citing ‘Adverse Developments’ and ‘Long-Lasting Slowdown’

Leave a Comment / Adverse, Bitcoin, Bleak, Central Bank, climate change, Climate resilience, COVID-19, Crypto Hacked, Cryptocurrency, Development, development finance, Developments, economic, economic recovery, economic slowdown, Economics, Ethereum, financial, Financial Crisis, Fiscal policy, Forecasts, geopolitical, global recession, growth, Inequality, inflation, institution, interest rate, investment, Monetary Policy, Outlook, poverty, Prospects, Recession, report, sustainable development, Tensions, World Bank / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

On Jan. 10, 2023, the World Bank published its Global Economic Prospects report, stating that the outlook for the global economy and future economic conditions is bleak. According to the report, 2023 growth forecasts have been cut across the board, with the global economy projected to grow by 1.7% in 2023 and 2.7% in 2024.

World Bank Report Forecasts Bleak Global Economic Outlook, Citing ‘Adverse Developments’ and ‘Long-Lasting Slowdown’ Read More »

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Uncertainty Surrounds Federal Reserve’s Future Plans for Rate Hikes

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The U.S. Federal Reserve has raised the benchmark bank rate seven times during the course of 2022, leading many to question when the central bank will cease or change course. The Fed has stated that it aims to bring inflation down to the 2% target, and the increases to the federal funds rate are intended

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Top 3 Macroeconomic Events to Watch in 2023 Amid Volatile Market Conditions

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2022 was a tough year for crypto assets, and as the world welcomes 2023, the macroeconomic backdrop remains uncertain. Macroeconomic events will continue to shape the crypto economy and the economy as a whole. This editorial takes a look at the top three macroeconomic events to keep an eye on in 2023. Examining the Top

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Bill on Digital Ruble Submitted to Russian Parliament

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A draft law devoted to the digital ruble has been filed with the State Duma, the lower house of Russian parliament. The legislation introduces rules determining how the new form of national fiat will be issued and amends a series of legal acts to facilitate its implementation. Bank of Russia to Be the Sole Operator

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