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#Digital Ruble

Key news and important events about the development of the digital ruble in Russia.

Sberbank proposes turning all non-cash rubles into digital form
ForkLog 10 01.12.2020

Sberbank proposes turning all non-cash rubles into digital form

Sberbank presented its own model for issuing and circulating the digital ruble, which differs from the Central Bank of Russia's vision. It was described by Sberbank's Chairman of the Executive Board, Anatoly Popov, at a meeting of the Central Bank with market participants dedicated to the digital ruble.
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Russia's central bank discusses digital ruble with major Russian banks
ForkLog 9 27.11.2020

Russia’s central bank discusses digital ruble with major Russian banks

The Bank of Russia held a meeting with representatives of the country’s largest banks, including Sberbank, VTB, Gazprombank, Moscow Credit Bank, Russian Standard Bank and others. It concerned the discussion of a possible rollout of the digital ruble, according to Kommersant.
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Binance adds Qiwi support for Russian ruble deposits
ForkLog 9 20.11.2020

Binance adds Qiwi support for Russian ruble deposits

The cryptocurrency exchange Binance added support for the Qiwi payment system for deposits of the Russian ruble.
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Moody's forecasts outflow of bank capital due to the digital ruble
ForkLog 11 11.11.2020

Moody’s forecasts outflow of bank capital due to the digital ruble

The appearance of the digital ruble could hit the retail bank accounts of Russia's financial institutions. This is reported by TASS citing Moody's, the international rating agency.
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Leaders of 26 central banks explain their focus on digital currencies
ForkLog 4 06.11.2020

Leaders of 26 central banks explain their focus on digital currencies

The Covid-19 pandemic has expanded the role of e-commerce and electronic-payment technologies. The heads of 26 central banks of Central Asia, the Black Sea region and the Balkans said in an online meeting.
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Lawyer: a DEX ban is possible in Russia
ForkLog 17 02.11.2020

Lawyer: a DEX ban is possible in Russia

Under a strict regulatory scenario for the cryptocurrency market in Russia, decentralized exchanges could be banned. This was stated by Tatiana-Eliza Vasilyeva, managing partner at Baseley & Partners, during ForkLog online conference 'Centralised Exchanges and DEX: Pros, Cons, Differences'.
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VTB President: The State Will Not Tolerate Cryptocurrency Development
ForkLog 10 30.10.2020

VTB President: The State Will Not Tolerate Cryptocurrency Development

The introduction of the digital ruble risks shifting part of banking business from banks to the Bank of Russia, so the possibility of its issuance requires regulatory work with the regulator. This was stated by Andrey Kostin, president of Russia's VTB, in an RBC interview.
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Russian finance ministry flags advantages of the digital ruble
ForkLog 10 30.10.2020

Russian finance ministry flags advantages of the digital ruble

The digital ruble will simplify international money transfers and increase transparency of settlements, according to Russian Finance Minister Anton Siluanov. This was reported by RIA Novosti.
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Nabiullina: The digital ruble could affect banks' business models
ForkLog 10 29.10.2020

Nabiullina: The digital ruble could affect banks’ business models

As the Bank of Russia studies the possibility of issuing a digital ruble, it is engaging with banks as this could affect their business models. Nabiullina said this at the Russia Calls! forum.
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Nabiullina outlines indicative timeline for digital ruble launch
ForkLog 17 23.10.2020

Nabiullina outlines indicative timeline for digital ruble launch

The Russian central bank could begin testing the digital ruble as early as the end of next year, said Elvira Nabiullina, chair of the Bank of Russia, during an online conference.
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Peskov: digital ruble will help fight poverty
ForkLog 9 23.10.2020

Peskov: digital ruble will help fight poverty

The digital ruble could appear in Russia within three to seven years, but Russia will not become the world leader on this issue, said Dmitry Peskov, the president's special envoy for digital and technological development, in an interview with RIA Novosti.
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Accessibility and traceability: how the Bank of Russia sees the digital ruble
ForkLog 12 15.10.2020

Accessibility and traceability: how the Bank of Russia sees the digital ruble

For a long time, discussions about the digital ruble were the subject of speculation by a handful of officials. However, on the eve of its publication, the Bank of Russia released its first report outlining its position on issuing a central bank digital currency (CBDC) in Russia. ForkLog has examined the report's contents.
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