Putin signs digital ruble bill into law, enabling CBDC in Russia
Under the newly signed law, the Bank of Russia is tasked with storing digital ruble assets and will be the principal operator of the digital ruble infrastructure.
Under the newly signed law, the Bank of Russia is tasked with storing digital ruble assets and will be the principal operator of the digital ruble infrastructure.
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.
Neither the SEC's suit nor the CFTC civil suit filed against Binance/CZ includes money laundering charges—suggesting that the DoJ's long-anticipated criminal case against CZ is just around the corner.
Russian banking giant Sberbank’s new offering will commence before the end of June and will cater to the needs of both private and institutional investors.
Russia pushes ahead with using digital currencies amid economic sanctions, with Rosbank devising plans to use them as cross-border transactions with help from fintech firm B-crypto.
Acting Governor of the NBG Archil Mestvirishvili confirmed that the Georgian central bank would float new anti-money laundering (AML) directives in the coming months.
The previous national digital currency exchange plans drew criticisms over its infrastructure risks and antitrust issues, as well as privacy issues and government surveillance concerns.
Russia's CBDC pilot program was pushed back to July following the decision of the State Duma Committee to amend the digital ruble bill, which includes giving non-residents access to foreign banks.
The changes to the CBDC draft bill include debt operation, the Russian central bank’s participation, and the access of the digital ruble to foreigners.
May is taking a bad turn on Binance as the exchange is under investigation for violating economic sanctions against Russia, opening up another front in its long-running war against compliance.
Bank of Russia Gov. Elvira Nabiullina told members of the State Duma that the banking regulator had approved a pilot for mined digital assets to be used in settling international transactions.