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digital ruble

putin-calls-to-‘seize-the-moment’-to-kickstart-digital-ruble-and-crypto-adoption-in-russia

Putin Calls to ‘Seize the Moment’ to Kickstart Digital Ruble and Crypto Adoption In Russia

President Vladimir Putin declared it was time for Russia to create the environment needed to increase the adoption of digital assets and the Russian CBDC, the digital ruble, as part of the country’s economic tissue. He also reported that over 30,000 transactions have been made in the pilot test phase of the digital ruble, with […]

Putin Calls to ‘Seize the Moment’ to Kickstart Digital Ruble and Crypto Adoption In Russia Read More »

russia-launching-payment-system-with-‘no-restrictions’-—-digital-currencies-to-be-completely-unrestricted

Russia Launching Payment System With ‘No Restrictions’ — Digital Currencies to Be Completely Unrestricted

Russia is launching a new payment system that is “bound by no restrictions” where digital currencies could be used in cross-border payments, said Russian Finance Minister Anton Siluanov. “Two parties come to an agreement, make settlement payments, and no other country could step in and freeze such payments,” the top official explained. Digital Currency ‘Bound

Russia Launching Payment System With ‘No Restrictions’ — Digital Currencies to Be Completely Unrestricted Read More »

russia-to-work-with-digital-currencies-of-other-nations

Russia to Work With Digital Currencies of Other Nations

The platform developed for the digital ruble will be able to operate with different state-issued digital currencies, the Bank of Russia said. Mechanisms for interaction with digital coins minted by the central banks of other countries are already under development, the monetary authority unveiled. Digital Ruble Platform to Support Integration With Other CBDCs, Bank of

Russia to Work With Digital Currencies of Other Nations Read More »

digital-gold-traded-for-digital-rubles-by-russia’s-rosbank

Digital Gold Traded for Digital Rubles by Russia’s Rosbank

Rosbank has brokered Russia’s first deal involving the exchange of tokenized gold with the digital version of the Russian national fiat currency, the ruble. The successful transaction demonstrates the growing interest in digital financial assets and the need for digital ruble payments, the banking institution stated. Rosbank and Atomyze Exchange Gold and Rubles in Digital

Digital Gold Traded for Digital Rubles by Russia’s Rosbank Read More »

banks-in-russia-to-lose-$700-million-a-year-due-to-digital-ruble,-experts-say

Banks in Russia to Lose $700 Million a Year Due to Digital Ruble, Experts Say

Russian banks may be the main losers from the introduction of a digital ruble while retailers will save on acquiring fees, analysts have predicted. The benefits for consumers using the new digital currency are not that obvious as they may not be paid any interest or cashback. Launch of Russia’s Digital Ruble Said to Result

Banks in Russia to Lose $700 Million a Year Due to Digital Ruble, Experts Say Read More »

bank-of-russia-outlines-payment-models-with-digital-ruble,-other-cbdcs

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

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

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

bill-on-digital-ruble-submitted-to-russian-parliament

Bill on Digital Ruble Submitted to Russian Parliament

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

Bill on Digital Ruble Submitted to Russian Parliament Read More »