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Ukraine Has Raised $225M in Crypto to Fight Russian Invasion, but Donations Have Stagnated Over the Last Year: Crystal
27.7.2023
Ukraine attracted over $225 million from supporters around the world, while Russian military fundraisers only scored several millions
Russia to Launch Digital Ruble Transactions With Real Users in August
27.7.2023
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 Regions Welcome Digital Ruble Developments – But When Will CBDC Debut?
27.7.2023
Russian regions are welcoming news that the nation’s digital ruble pilot is set to officially launch on August 1, but banks and officials claim that a full CBDC rollout may not come until 2027.
Ludmila Panina, the head of the payment systems and settlements department at the Chelyabinsk Branch...
Russian CBDC Pilot Launch News Draws Mixed Reactions from Biz Community
27.7.2023
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,...
Deeper Ties With BRICS Should Not Jeopardize Relations With the West — South African Business Association Leader
26.7.2023
South Africa’s economic well-being is dependent on trade relations with the West, and therefore attempts to bolster relationships with BRICS must not be at the expense of ties to the West, the leader of a South African business association has said. The leader also singled out the African...
Russian President Vladimir Putin States Emergent Multipolar World Order Will Be ‘More Just’
26.7.2023
In a recent article, Vladimir Putin, President of the Russian Federation, outlined his thoughts about the emergence of a new multipolar world order. Putin explained this new configuration will allow different regions, including Africa, the Middle East, and Latam, to assume their roles in a...
Putin Signs Digital Ruble Law Allowing CBDC Payments in Russia
26.7.2023
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...
Russian Ruble Falls by Over 18% in 2023, Economist Says the Currency Has ‘Stabilized’
25.7.2023
After the Russian currency touched a year low versus the greenback of nearly 92 units for every dollar, economist Robin Brooks said the ruble has stabilized and may eventually be lifted by rising oil prices. The Institute of International Finance Economist urged G7 countries to consider cutting...
Next Year’s BRICS Summit to Gather More Than 5 Leaders, Russian Diplomat Predicts
24.7.2023
Moscow expects the number of leaders participating in the 2024 BRICS summit to be greater than five, according to a high-ranking Russian diplomat. The statement comes as the five-member organization prepares to discuss its enlargement at its meeting at the top this year, with dozens of nations...
Kids Won’t Be Able to Spend Mom’s Digital Ruble as They Wish, Russian Official Says
21.7.2023
The new form of Russia’s fiat, the digital ruble, will make spending more efficient for both government and family budgets, according to a high-ranking lawmaker. Anatoly Aksakov, who was involved in the recent adoption of the new digital ruble legislation, highlighted some of the advantages...
‘Historic’ BRICS Summit to Be Held Without Putin in Person
20.7.2023
Russian President Vladimir Putin will not travel to Johannesburg for the BRICS summit in August, according to the office of his South African counterpart. Moscow will send Foreign Minister Sergey Lavrov instead, the Kremlin confirmed, emphasizing that Putin will join the event via video link. Putin...
Russian CBDC by 2025? What’s happening with the digital ruble
19.7.2023
2025–2027 might still seem far away, but the Central Bank of Russia is preparing its CBDC for mass adoption by then
Russian CBDC ‘to Roll Out in 2025’ – Could Banks Accelerate Digital Ruble Launch?
19.7.2023
Russian experts think the Central Bank will roll out its digital ruble by 2025, with the nation’s biggest banks expressing their eagerness to work with the central bank digital currency (CBDC).
The Central Bank is fast-tracking its CBDC rollout, but Delovoi Peterburg reported that “citizens” will...
Russia, 10 Southeast Asian Nations Discuss Using National Currencies in Trade Settlements
15.7.2023
Russia is discussing using national currencies in trade settlements with 10 Southeast Asian countries, members of the Association of Southeast Asian Nations (ASEAN), Russian Foreign Minister Sergey Lavrov has revealed. The move comes as more and more countries worldwide are seeking to de-dollarize....
Russian State Duma Passes Digital Ruble Law
13.7.2023
The State Duma, the lower house of the Russian Federal Assembly, discussed and passed the Digital Ruble law in its second and third discussion on July 11. The law will allow the Central Bank of Russia, as the sole regulator of the proposed digital currency, to organize a pilot test slated...
Russian Central Bank Readies ‘Real-world’ CBDC Pilot – Digital Ruble Launch Imminent?
13.7.2023
The Russian Central Bank could begin “real-world” tests on the digital ruble next month after parliament approved a key piece of CBDC legislation.
Per Interfax, the State Duma voted in favor of adopting the bill at a third reading this week.
This means the main clauses of the bill are set to pass...
Western Sanctions on Russia Demolish Global Trade System, Cause Inflation Surge, Says Russian Banker
13.7.2023
Russia’s second-largest bank’s chairman says by imposing sanctions on Russia, the West has “demolished the global trade system and caused an inflation surge.” Pointing to the U.S. banking crisis as an example, he stressed: “This is virtually the largest financial and banking crisis since 2008,...
Russian Parliament Passes Vital “Digital Ruble” Legislation With Plans To Start Tests In August
12.7.2023
As momentum builds around the ‘digital ruble’, the proposed Central Bank Digital Currency (CBDC) of the Russian Federation, the country’s parliament has inched closer to the landmark legislation.
On July 11, the lower parliamentary house, the State Duma passed the bill in its third reading taking...
Shiba Inu Price Prediction as Pro-Ukraine Internet Celebrities Use Shiba Memes to Combat Russian Propaganda – What's Going On?
12.7.2023
The price of Shiba Inu (SHIB) has barely moved in the past 24 hours, with its current level of $0.00000753 representing a 1% loss in the past week.
SHIB is up by 14% in the last 30 days though, with its latest movement coming as a number of pro-Ukraine celebrities have been using Shiba Inu memes...
Russian parliament passes a “digital rouble” bill
12.7.2023
Document faces confirmation in the higher chamber of Russian parliament and, afterward, the President’s signature