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Tag: Central Bank of Russia

Russia Discusses Testing Digital Ruble for Budget Payments

The Central Bank of Russia and the Russian treasury are considering testing using the Russian CBDC, the digital ruble, to complete budget settlements. The...

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Digital Ruble Pilot Set in Motion, Russia CBDC Trials Begin

Russia begins CBDC trials using digital rubles with 13 banks. Pilot assesses functionality, user experience, and wider adoption potential. President Putin’s approval of the...

Brazilian CBDC gets official name and logo

Brazilian central bank digital currency (CBDC), previously commonly referred to as “digital real”, gets its official brand name. It would be called Drex. On August...

Vladimir Putin signs Russia’s digital ruble bill into law

The digital ruble bill was passed by the lower and upper parliaments before the president signed...

Russian Finance Ministry Proposes Crypto Ban, Faces Opposition: What’s Next for Cryptocurrency in Russia?

The Russian finance ministry has recently presented a proposal to ban the circulation of cryptocurrency within the country. However, exceptions are...

Ripple’s CBDC Team Reveals Real Estate Tokenization

Antony Welfare, Ripple's CBDC adviser, recently participated in a fintech conference in Central and Eastern Europe (CEE), where he presented two groundbreaking use cases....

‘Evil Crypto’ Can Be Used in Foreign Trade, Russia’s Deputy Finance Minister Says

Cryptocurrency may be bad for investors but it can be useful in international settlements, according to a top government official in Moscow. Russian...

Russia’s Shocking Crypto U-Turn: Welcoming Digital Currencies for Foreign Trade?

Central Bank explores crypto settlements Experiment targets foreign structures New institutions to handle mining In a controversial move, Elvira Nabiullina, Chairman of the...

Russia Postpones CBDC Launch: Banks Willing to Start Experiment

Russia has postponed the launch of its pilot project with the digital ruble to early May. The decision is to launch the digital ruble...

Bank of Russia Registers Another Digital Asset Issuer

The Central Bank of Russia has added another entity to its register of authorized issuers of digital financial assets. The platform, called ‘Masterchain,’...

Bank of Russia to Start Testing Digital Ruble With Real Users on April 1

The Central Bank of Russia plans to launch test operations with digital ruble transactions between real customers at the beginning of April. More...

What Happened to #OpRussia

Almost a year ago, Russia invaded Ukraine.Due to the unprovoked aggression by Russia, worldwide condemnation was quickly followed by a call to arms to...

Gazprombank suggests banks be given more time to adjust to digital

Gazprombank, which is an unit of the main Russian government-owned gas business, Gazprom, has openly recommended that banks be given extra time before the...

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