Bank of Russia

Russia: New law greenlights digital assets use for cross-border payments
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16 March, 2024

Russia: New law greenlights digital assets use for cross-border payments

The provisions of the newly minted law reveal that only tokenized assets issued by the Bank of Russia are authorized...
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 BRICS Bridge eyed for cross-border payments with China, Gulf countries
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3 March, 2024

Russia BRICS Bridge eyed for cross-border payments with China, Gulf countries

The proposed BRICS Bridge system draws inspiration from the BIS-backed mBridge platform, with China and the United Arab Emirates already...
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,...