SWIFT taps Citi, BNY Mellon, other top banks for blockchain interoperability pilot
SWIFT’s experiment reportedly proved that its infrastructure can allow financial institutions to seamlessly tap into tokenization across multiple blockchains.
SWIFT’s experiment reportedly proved that its infrastructure can allow financial institutions to seamlessly tap into tokenization across multiple blockchains.
As Russia prepares its digital ruble pilot, concerns arise over privacy and the CBDC's potential implications to the financial landscape, which may likely push back the project's full rollout.
The CBDC bill, supporting the creation of a digital ruble pilot, amended certain parts of the Russian civil code and established the right of the central bank as the primary issuer of the CBDC.
First Deputy Governor of the Bank of Russia Olga Skorobogatova said the digital ruble project will advance in stages, modeled after China's digital yuan pilot.
For the first time, Russia will move ahead with its central bank digital currency pilot program involving 13 banks and customers, and this time, the digital ruble will be used in real transactions.