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digital ruble

Russia to start using CBDC for international payments in 2025
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15 June, 2024

Russia to start using CBDC for international payments in 2025

Influential legislator Anatoly Aksakov says CBDC payments will be the norm in the next five years, and Russia will be...
Digital ruble will take 5-7 years to achieve mass adoption: Bank of Russia
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16 April, 2024

Digital ruble will take 5-7 years to achieve mass adoption: Bank of Russia

Governor Elvira Nabiullina says that the digital ruble needs to be the most convenient payment method for individuals and businesses...
Russia’s CBDC pilot hits 25,000 transaction mark
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8 March, 2024

Russia’s CBDC pilot hits 25,000 transaction mark

Seven months after its introduction, Russia's digital ruble pilot has recorded 25,000 transactions, with the upcoming project with fellow BRICS...
Russia moves ahead with plans to tokenize digital assets for cross-border trade
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2 March, 2024

Russia moves ahead with plans to tokenize digital assets for cross-border trade

The State Duma Committee has issued a green light for the proposed digital assets bill to proceed for a second...
Bank of Russia eyes direct support line for retail CBDC users
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9 February, 2024

Bank of Russia eyes direct support line for retail CBDC users

Since mid-2023, the Bank of Russia has been experimenting with its central bank digital currency, the digital ruble, and a...
Bank of Russia onboards more commercial banks for digital ruble pilot
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6 February, 2024

Bank of Russia onboards more commercial banks for digital ruble pilot

Russia’s CBDC pilot is expected to will gather a larger pool of merchants and participants following the onboarding of over...
Russia pushing pensioners to ‘digital ruble trap,’ economist says
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20 January, 2024

Russia pushing pensioners to ‘digital ruble trap,’ economist says

Alexander Razuvaev says that while it’s being framed as optional, the digital ruble will become mandatory for all pension payments,...
Bank of Russia extends digital ruble pilot completion to 2025
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20 December, 2023

Bank of Russia extends digital ruble pilot completion to 2025

The Bank of Russia's digital ruble experiments will not launch before 2025 as the central bank continues to test a...
Russian lawmakers mull wholesale CBDC amid retail pilot launch
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25 November, 2023

Russian lawmakers mull wholesale CBDC amid retail pilot launch

For Russian financial institutions to circumvent Western-backed economic sanctions since its invasion of Ukraine, Russian deputies are pushing for wholesale...
Russia to push ahead with CBDC pilot launch amid public concern
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15 August, 2023

Russia to push ahead with CBDC pilot launch amid public concern

As Russia prepares its digital ruble pilot, concerns arise over privacy and the CBDC's potential implications to the financial landscape,...
Bank of Russia unveils logo and commission fees for digital ruble: report
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12 August, 2023

Bank of Russia unveils logo and commission fees for digital ruble: report

Starting in 2025, business-to-business transactions involving the digital ruble will have a 15 rubles ($0.16) charge, while individuals will only...
Russian banks want legislation to prevent compulsory digital ruble usage
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11 August, 2023

Russian banks want legislation to prevent compulsory digital ruble usage

Although Russia has said the digital ruble will be optional, banks want that embedded in legislation as they say their...