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Nalezeno "russia": 2475

Russian Regions Say CBDC Will Help Them Fight Corruption


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.... Read More:...

Mbridge Project Has Observers Worried About Advances of the Digital Yuan


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


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


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...

Russia to Test Digital Ruble in 11 Cities, Moscow Subway


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


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


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


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...

Russia to being CBDC trials with 13 banks


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

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