Search Results for: Bank for International Settlements

Russia reconsiders stance on use of digital assets after past prohibitions
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9 September, 2022

Russia reconsiders stance on use of digital assets after past prohibitions

Following a barrage of sanctions and an ongoing row with the West, Russia is reportedly seeking to diversify its payment...
Russia nukes digital assets as payments mechanism
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19 July, 2022

Russia nukes digital assets as payments mechanism

The bill amends certain banking laws to permit the use of digital assets as investment vehicles, with the goal of...
Russia pushes plans for digital ruble to replace SWIFT
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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...
Iran to launch a pilot version of its CBDC towards end of August
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1 July, 2022

Iran to launch a pilot version of its CBDC towards end of August

Central Bank of Iran governor stated that its crypto rial will be different from current digital currencies and has been...
Japan’s Soramitsu to conduct CBDC feasibility study for the Philippines and Vietnam
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24 June, 2022

Japan’s Soramitsu to conduct CBDC feasibility study for the Philippines and Vietnam

According to Nikkei, the two countries are revamping their CBDCs efforts in response to the growing popularity of Chinese payments...
Russian state-owned company builds blockchain-based replacement for SWIFT
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12 June, 2022

Russian state-owned company builds blockchain-based replacement for SWIFT

Rostec, a state-owned defense conglomerate in Moscow, has announced that it has developed a blockchain platform that can be used...