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Russian Central Bank: Digital Rubles Will Be Classified as ‘Highly Valuable Liquid Assets’
22.8.2023
The Russian Central Bank says it plans to begin classifying the digital ruble, the nation’s CBDC, as a “high-quality liquid asset” (HQLA), and will likely eventually oblige banks in the country to follow suit.
Central banks typically classify assets such as fiat cash, central bank reserves,...
Russian Analyst: Digital Ruble ‘Brings No Benefits’ for Ordinary Citizens
19.8.2023
A Russian analyst has claimed that the digital ruble, the nation’s CBDC, will bring no benefits to ordinary citizens.
The comments were made by Anastasia Tselykh, a special correspondent at RTVI in her most recent column for the media outlet.
The Central Bank launched a pilot this week, which...
Crypto Donations Campaign Aims to Empower Ukrainian Children Affected by War
18.8.2023
The Children of Heroes charity fund and the news outlet Cointelegraph have joined hands with the Cryptoverse to raise money and help war orphans in Ukraine.
Per Cointelegraph, over 5,900 children who lost one or both parents in the Russian invasion of Ukraine have received support from...
Russian Regions Say CBDC Will Help Them Fight Corruption
18.8.2023
Russian regions say that the nation’s CBDC, the digital ruble, will help them fight corruption by “eliminating the shadow economy.”
Per Dela, an economy-focused newspaper that covers the Krasnoyarsk Krai region, officials in Siberia are keen to use the coin to conduct their business....
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‘Our Country Is Going to Hell’ — Trump Warns of US Losing Global Currency Dominance
17.8.2023
The 45th president and previous White House occupant, Donald Trump cautions that America is in danger of losing its global influence. In an interview with Larry Kudlow, Trump stated while the U.S. retains significant power, its position is “waning” concerning its currency. The Diminishing Dollar?...
Bitcoin Vapid, Gold Weakens as Russian Ruble and Argentinian Peso Crash
16.8.2023
Ruble and Peso crash represent signs of crack in the global market, per one observer. So far, there has been little demand for perceived havens like bitcoin and gold
Xi Jinping, Vladimir Putin Advancing China-Russia Strategic Partnership, Says Chinese Official
16.8.2023
Chinese leader Xi Jinping and Russian President Vladimir Putin “will continue to advance the China-Russia comprehensive strategic partnership,” according to China’s Ministry of Foreign Affairs. The two leaders are set to participate in next week’s BRICS summit. Xi and Putin Advancing...
Russian Ruble Plunges to 16-Month Low vs the US Dollar — Experts Cite Oil Price Cap
15.8.2023
The Russian currency’s exchange rate versus the U.S. dollar recently dropped below RUB100 per greenback — its lowest in 16 months. Economists attribute the ruble’s latest plunge to the effectiveness of a price cap imposed on Russian oil by Western countries. Russ Mould said...
Mbridge Project Has Observers Worried About Advances of the Digital Yuan
15.8.2023
The Mbridge project, a central bank digital currency (CBDC) international payment system, is starting to worry observers. Such a system, when completed, could ostensibly allow the digital yuan to reach more countries in trade settlements, chipping away at the world dominance of the U.S. dollar...
Going Crypto Makes Sense for Elon Musk’s X
14.8.2023
While X, the platform formerly known as Twitter, has made a turn to share some of its earnings with its users, the lack of a genuinely universal payment method – like crypto – means users of countries such as Russia and Venezuela are excluded from getting these benefits, disrupting Elon...
Russia Will Use CBDC Pay Benefits & Evade Sanctions, Experts Claim
13.8.2023
Russian experts say they think that the government will use the digital ruble to pay state benefits – and think the CBDC could be used to evade sanctions.
With just days to go until Russia pilots the coin, experts have been examining the scant details that have thus far been forthcoming prior...
IEA Report: Oil Prices on the Brink of Soaring as Supply Narrows and Demand Shatters Records
12.8.2023
The stage is set for a potentially striking upswing in global oil prices, as supply constricts and demand ascends to unprecedented levels. With oil reserves dwindling at a breakneck pace, OPEC’s spare capacity restrained, and powerhouse consumers like China and India snapping up record...
Russia to Test Digital Ruble in 11 Cities, Moscow Subway
12.8.2023
Russia’s capital Moscow and 10 other cities will host pilot tests for the digital ruble, Bank of Russia Deputy Governor Olga Skorobogatova announced. Over a dozen Russian banks are going to take part in the trials with real transactions and users scheduled to commence in mid-August. Russia Prepares...
Bank of Russia Reports 13 Banks Will Participate in Digital Ruble Pilot
11.8.2023
The Bank of Russia has announced that all 13 banks intending to participate in the digital ruble pilot have already completed their preparations to join the upcoming test. Olga Skorobogatova, first deputy governor of the Bank of Russia, stated that customers of these banks will be able to apply...
Moscow Metro to Join Russia’s Digital Ruble Trial – CBDC Gathering Pace
11.8.2023
The Russian Central Bank will pilot its digital ruble on Moscow’s metro system as the nation’s CBDC project begins to gather pace.
The Central Bank earlier this week suggested that the pilot – which officially begins on August 15 – would center around smaller retailers located in 11 unnamed...
600 Russians to Trial CBDC Next Week – Digital Ruble Pilot Begins
10.8.2023
The Russian digital ruble pilot proper will begin next week, says the country’s Central Bank, with 600 citizens set to become the first people in the nation to use the CBDC.
The bank said that the first transactions with the CBDC would be conducted on August 15, and that the pilot would initially...
Putin and Ramaphosa Discuss BRICS Summit, Trade and Cooperation; Russian President to Join via Video Link
10.8.2023
Russian president Vladimir Putin and South African president Cyril Ramaphosa recently addressed cooperation, trade, and preparations for the upcoming BRICS summit. The two leaders conversed about practical cooperation and the expansion of the organization, reflecting a shared commitment...
Russia to being CBDC trials with 13 banks
9.8.2023
According to Olga Skorobogatova, First Deputy Governor of the Bank of Russia, initiating pilot operations using genuine digital rubles represents a pivotal phase within the project
Russia to Test Digital Ruble With Banks, Clients
9.8.2023
The country's central bank will begin real-world tests of the digital currency with 13 banks and limited clients on Aug. 15
Most Russians Wary of Digital Ruble, Survey Finds – Blow for Moscow’s CBDC?
9.8.2023
Most Russian citizens say they distrust or have no interest in using the digital ruble, Russia’s CBDC, a survey has found.
The survey was carried out by the media outlet and information service provider BankInform, which asked its subscribers to give their thoughts on the CBDC.
The coin...