Digital Ruble Archives

Digital Ruble

13 January, 2023

Russia studying CBDCs for cross-border payments amid tightening sanctions

Efforts to launch the digital ruble are already in place, with testing client-to-business (C2B) operations by selected financial institutions scheduled...

Digital ruble bill submitted to Russia’s State Duma

Business

Wahid Pessarlay

4 January, 2023

Digital ruble bill submitted to Russia’s State Duma

The new draft bill seeks to make the Bank of Russia the “sole operator” of the digital ruble to the...

Russia eyes use of digital ruble in transacting with China

Business

Wahid Pessarlay

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

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

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

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...

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Charles Miller

20 Dec 2024

Digital Ruble

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