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Sberbank Urges Central Bank to Reconsider Digital Ruble Issuance Plans


The state-controlled commercial bank Sberbank has expressed fears that the Russian Central Bank’s “digital ruble” plans will have a negative effect on liquidity in the nation. The Central Bank has accelerated its plans to roll out a central bank digital currency (CBDC) with a pilot slated for next...

Give Commercial Banks More Power over Digital Ruble – Industry Leader


Commercial banks should be the gatekeepers of the digital ruble: This was the message from a Russian crypto and blockchain industry group chief – as the nation’s Central Bank gears up to launch a pilot for its forthcoming digital currency. Russia is just one of the many nations now engaged in...

Digital Ruble: Russia Unveils Plans to Test Central Bank Digital Currency


As China is actively testing its digital yuan, Russia is now planning to build and test a central bank digital currency, the digital ruble. Meanwhile, the Bank of Russia has proposed limiting the amount of bitcoin retail investors can buy. Russia’s Central Bank Plans Digital Ruble The central...

Five Russian Commercial Banks Eager to Pilot Digital Ruble in 2021


Russia’s “cryptoruble” – its central bank digital currency (CBDC) initiative – is seemingly picking up momentum after years spent in limbo. Earlier this month, the Russian Central Bank announced that it would consider debuting a digital token, after a year ago stating that there was no need...

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