digital ruble Archives

Russia eyes use of digital ruble in transacting with China

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4 October, 2022

Russia eyes use of digital ruble in transacting with China

As the U.S. fortifies its grip on the global financial system, Russia targets to give sanctions-hit countries an opportunity to...

Russia’s Finance Ministry eyes collaboration with other countries on stablecoin settlement platform

Business

Wahid Pessarlay

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12 September, 2022

Russia’s Finance Ministry eyes collaboration with other countries on stablecoin settlement platform

To counter sanctions, Russia is looking to set up a stablecoin platform with help from allies to settle cross-border payments,...

Russia’s central bank opposes ‘overly risky’ private stablecoins

Business

Steve Kaaru

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16 July, 2022

Russia’s central bank opposes ‘overly risky’ private stablecoins

The Bank of Russia says that stablecoins are risky because the underlying pool of assets doesn’t belong to the user,...

Russia pushes plans for digital ruble to replace SWIFT

Business

Wahid Pessarlay

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3 July, 2022

Russia pushes plans for digital ruble to replace SWIFT

Olga Skorobogatova, first deputy chairman of the CBR, said the time horizon for a fully fleshed out and functioning digital...

Russia exploring CBDC for settlements of real estate deals

Business

Wahid Pessarlay

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30 June, 2022

Russia exploring CBDC for settlements of real estate deals

Testing state-backed digital currency for real estate settlements is already ongoing, along with testing for use in making regular payments...

Russia on track to launch digital ruble pilot phase by 2023

Business

Wahid Pessarlay

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26 April, 2022

Russia on track to launch digital ruble pilot phase by 2023

Central Bank of Russia President Elvira Nabiullina revealed that by 2023, the digital ruble would be launched on a pilot...

Russian lawmakers weighing partial reversal of digital currency payments ban

Business

Steve Kaaru

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26 May, 2021

Russian lawmakers weighing partial reversal of digital currency payments ban

The reports note that some lawmakers in the country are considering revising some aspects of the payments ban including allowing...

Digital ruble to play big part in Russia’s future as it releases 3-year strategy

Business

Steve Kaaru

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22 April, 2021

Digital ruble to play big part in Russia’s future as it releases 3-year strategy

As per a new report by the country’s central bank, the digital ruble will need to be accessible both online...

Digital ruble highest form of money, Russia says

Business

Steve Kaaru

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11 April, 2021

Digital ruble highest form of money, Russia says

Russia’s central bank may roll out digital ruble early 2022. The project is focused on replacing other digital currencies in...

Russia to pilot digital ruble prototype in 2021

Business

Steve Kaaru

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17 March, 2021

Russia to pilot digital ruble prototype in 2021

Russia’s central bank intends on launching a digital ruble prototype this year, its deputy chairman has recently revealed.

Russian mobile networks plan wallet and payment services for digital ruble

Business

Ed Drake

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19 February, 2021

Russian mobile networks plan wallet and payment services for digital ruble

Mobile networks Beeline and Megafon are reported to be considering supporting services for an eventual central bank digital currency.

Russia central bank snubs private ruble-pegged stablecoins

Business

Ed Drake

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7 December, 2020

Russia central bank snubs private ruble-pegged stablecoins

The Chinese model for its digital yuan is a better template for Russia in exploring a central bank digital currency,...

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