US Treasury officials deny that digital ruble would undermine sanctions
The emergence of a digital ruble will not make American sanctions less effective, according to Deputy U.S. Treasury Secretary Wally Adeyemo.Key news and important events about the development of the digital ruble in Russia.
US Treasury officials deny that digital ruble would undermine sanctions
The emergence of a digital ruble will not make American sanctions less effective, according to Deputy U.S. Treasury Secretary Wally Adeyemo.
Russian Prosecutor-General says the digital ruble could play a key role in public procurement
The digital ruble being developed by the Bank of Russia will increase the transparency of public procurement, according to Russian Prosecutor-General Igor Krasnov.
Duma flags risks in digital ruble rollout
The digital ruble poses risks to Russia's financial sector and to information security. This follows from the conclusion of the State Duma Committee on the Financial Market.
Nabiullina outlines conditions for deploying the digital ruble
The Russian economy will gain a digital form of its national currency only if a number of conditions for its functioning are met.
Nabiullina: digital ruble will become a full replacement for cryptocurrencies for Russians
Cryptocurrencies and stablecoins threaten the financial stability of the state, but CBDCs can counter this risk. This was stated by Elvira Nabiullina, head of the Bank of Russia.
Gref urges refinement of the digital ruble project
In the global economy, both bank-issued stablecoins and central bank digital currencies (CBDCs) will be used, said Sberbank head Herman Gref.
Digital ruble to receive a dedicated regulatory framework
A number of Russian laws and codes will be amended in connection with the launch of the digital ruble.
Analysts forecast 9-trillion-ruble outflow from banks as digital ruble launches
The introduction of the digital ruble could lead to liquidity outflows from Russian banks. According to the Center for Macro-Economic Analysis and Short-Term Forecasting (ЦМАКП), up to 9 trillion rubles could flow from banks into the new asset by the end of 2024.
Bank of Russia: Smaller banks see more opportunities in the digital ruble than drawbacks
The launch of the digital ruble aims to increase accessibility and convenience of payment services, and to reduce the cost of services, said Olga Skorobogatova, First Deputy Chairman of the Bank of Russia.
Deripaska compared the launch of the digital ruble to Yuri Gagarin’s space flight
Russian billionaire Oleg Deripaska once again called for the expedited launch of the digital ruble and compared the scale of this event to Yuri Gagarin's flight into space.
Russian government confirms plans to launch the digital ruble by 2030
The digital ruble, as a third form of money, will be launched in Russia by 2030. This is stated in the Strategy for the Development of the Financial Market, developed by the Ministry of Finance and the Bank of Russia.We use cookies to improve the quality of our service.
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