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Russia to Launch Digital Ruble Transactions With Real Users in August


Banks taking part in the digital ruble pilot will begin testing transactions with actual clients in mid-August, according to a top executive of one of the financial institutions. The trials are set to start weeks after Russia adopted dedicated legislation for the introduction of its new digital...

Russian CBDC Pilot Launch News Draws Mixed Reactions from Biz Community


The Russian business community and financial experts have spoken about the potential pitfalls – and possible advantages – of a digital ruble as Moscow prepares for the August launch of a CBDC pilot. Izvestia quoted Sergey Katyrin, the President of the Russian Chamber of Commerce and Industry,...

Putin Signs Digital Ruble Law Allowing CBDC Payments in Russia


President Vladimir Putin has signed into law a bill on the introduction of the digital ruble in the Russian Federation. The new legislation, which legalizes and regulates the use of Bank of Russia’s digital currency for payments and other transactions, will enter into force on Aug. 1. President...

Top Lawmaker Suggests China and Russia’s CBDCs Are ‘Compatible’


A leading Russian lawmaker says China and Russia’s CBDCs may be “compatible” and could be used to make international payments between the nations. Per RBC, the comments were made by Anatoly Aksakov, a member of the State Duma from Chuvashia’s Kanash constituency and the Chairman of the State Duma...

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