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Central Bank of Russia: Digital Ruble Could Be Launched as Soon as 2025


Olga Skorobogatova, first deputy chairman of the Central Bank of Russia, indicated that the launch of the digital ruble, the Russian central bank digital currency (CBDC), could happen in 2025. The pilot test for the CBDC will be organized later this year after the State Duma, the lower house of...

Ethiopia Joins Egypt in Seeking BRICS Membership


Ethiopia has joined Egypt and Algeria in applying to become a member of Brazil, Russia, India, China and South Africa (BRICS) economic bloc. According to the Ethiopian Foreign Affairs Ministry, joining the bloc would help the country guarantee its national interests. Safeguarding Ethiopian National...

Russians Turned to Tether During Wagner Revolt


Russian citizens sought refuge in tether amid the brief mutiny of the Wagner mercenary group that shook their country. The ruble-denominated trading volume of the U.S. dollar-pegged stablecoin spiked during the short-lived rebellion, market data revealed. Russians Traded Millions of Dollars’...

Venezuela to Integrate Russian Mir Payments System in De-Dollarization Push


The government of Venezuela has announced that it is currently working to integrate Mir, a Russian electronic card and transfer payments system. President Nicolas Maduro backed this integration, stating that this move is part of a de-dollarization push. More than 40,000 payment terminals are being...

Experts: This Is Why Russia Is Becoming a ‘Crypto Mining Hotspot’


Experts have explained why Russia is reportedly becoming a crypto mining hotspot, as the nation claims its crypto mining hashrate is second only to that of the USA. Per Finam, Nikita Zuborev, a Senior Analyst at the domestic crypto platform BestChange, said:... Read More: Experts: This Is...

Russian Who Sent Crypto to Ukrainian Army to Face Treason Charges


A Russian citizen has been arrested for allegedly sending crypto to Ukraine’s armed forces – and will be tried on treason charges. The Russian news agency Tass reported that the (unnamed) citizen is a resident of the Far Eastern territory of Khabarovsk Krai, across the sea from Japan. The citizen...

Russia’s Ministry of Energy Pushes to Legalize Crypto Mining


Russia’s Ministry of Energy is pushing for the legalization of industrial crypto mining, and wants lawmakers to press ahead with a much-anticipated mining-related bill. Per the Russian news agency Tass, the ministry made the comments at the weekend, during the St. Petersburg International Economic...

Russia to Trial Digital Asset Settlements in Foreign Trade


Bank of Russia plans to pilot cross-border payments using digital assets and central bank digital currencies, according to a deputy governor. The top executive believes these alternative instruments could increase efficiency in foreign trade while such settlements will not be permitted inside...

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