Russia

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,...
Bank of Russia extends digital ruble pilot completion to 2025
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20 December, 2023

Bank of Russia extends digital ruble pilot completion to 2025

The Bank of Russia's digital ruble experiments will not launch before 2025 as the central bank continues to test a...
Russian lawmakers mull wholesale CBDC amid retail pilot launch
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25 November, 2023

Russian lawmakers mull wholesale CBDC amid retail pilot launch

For Russian financial institutions to circumvent Western-backed economic sanctions since its invasion of Ukraine, Russian deputies are pushing for wholesale...
North Korean hackers funneling stolen tokens through Russian exchanges
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18 September, 2023

North Korean hackers funneling stolen tokens through Russian exchanges

North Korea shows no sign of slowing its ‘crypto’ hacking operations and is increasing its use of Russian digital asset...
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