Analysts estimate annual losses for Russia’s banks from CBDC introduction at 50 billion rubles
The introduction of the digital ruble could potentially hit banks and benefit retailers. This was stated by analysts.Key news and important events about the development of the digital ruble in Russia.
Analysts estimate annual losses for Russia’s banks from CBDC introduction at 50 billion rubles
The introduction of the digital ruble could potentially hit banks and benefit retailers. This was stated by analysts.
Digital ruble bill placed on first-reading agenda
On January 16, the State Duma Council considered and placed on the agenda for first reading the digital ruble bill.
Bank of Russia outlines two models for cross-border settlements using the digital ruble
In the first quarter of 2023, the Bank of Russia will begin developing a model for cross-border settlements using the digital ruble. This was reported by Kommersant, citing a presentation on the CBDC project.
Digital ruble mentioned in documentary on Russia’s financial history
The head of the Russian Ministry of Finance, Anton Siluanov, called the central bank digital currency (CBDC) interesting in terms of its use for government spending.
Russian central bank delays digital ruble access for non-residents
Non-residents of the Russian Federation will not gain access to the digital ruble in the initial stage of the instrument's rollout.
Indefibank announces development of Ethereum-based crypto-ruble
Russia has begun developing a tokenised crypto-ruble based on the Ethereum blockchain. This was announced at Blockchain Life 2022 by Indefibank CEO Sergey Mendeleev.
Russia proposes adding cryptocurrencies to the Civil Code
Russia proposes to legalise cross-border cryptocurrency transactions in 2023, though this would require amendments to the Civil Code.
Bank of Russia accelerated work on launching the digital ruble amid sanctions
Testing of the digital ruble in real transactions and with real customers will begin in April 2023. The Bank of Russia said that sanctions against the Russian banking system prompted an acceleration of the pilot, according to Olga Skorobogatova, the regulator's first deputy chair.
Bank of Russia to begin settling payments with the digital ruble in 2023
The Bank of Russia plans to carry out the first real settlements within the digital ruble pilot in 2023. This was stated by Bank of Russia head Elvira Nabiullina.
Seven more banks to join testing of the digital ruble
Seven banks will join the testing of the digital ruble platform in the coming months.We use cookies to improve the quality of our service.
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