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Russia-based Sberbank has confirmed its participation in the digital ruble pilot spearheaded by the Russian Central Bank.
CBDC, partnership, central bank, banks, cryptocurrency
Russia’s Federation Council has recently passed a bill that grants legal authority to the country’s central bank digital currency (CBDC).
cryptocurrency, CBDC, central bank, regulation
The Central Bank of Russia has revealed its plans to launch a series of tests involving digital ruble transactions between real customers.
CBDC, central bank, cryptocurrency, digital assets
The central banks of Russian and Iran have signed a deal to connect national interbank communication and transfer systems to spur trade and facilitate transactions.
online banking, mobile banking, money transfer, central bank, payments infrastructure
The Bank of Russia has announced that it would extend its support package for National Payment System (NPS) entities in 2023.
payment processing, central bank, financial sanctions, payments
The Central Bank of Russia has decided to use cryptocurrencies for cross-border payments in trials with private companies.
cryptocurrency, central bank, cross-border payments, digital assets
A representative of Russia’s Ministry of Finance has stated the country is seeking a non-restrictive policy for using Bitcoin and crypto in international trade.
cryptocurrency, digital assets, cross-border payments, Bitcoin
The Bank of Russia, the country’s central bank, has admitted that cross-border payments in crypto are inevitable in the current geopolitical conditions.
banks, cryptocurrency, cross-border payments, central bank, regulation
The Central Bank of Russia has announced its plans to begin the implementation of the digital ruble in 2024.
CBDC, digital currency, central bank, crypto asset, blockchain
Russia’s Rostec Group, a government organization, has developed a blockchain platform to launch a digital system for international payments capable of replacing the global SWIFT system.
payment processing, cross-border payments, SWIFT, DLT
As sanctions against Russia continue to impact the country, MRC explains how cryptocurrency provides an extra layer of obfuscation for those who wish to bypass traditional means of currency transfer.
financial sanctions, Russia Ukraine War, cryptocurrency, banks, financial institutions, SWIFT, KYC, identity verification, cryptocurrency exchange, digital assets
Russia’s central bank has granted lender Sberbank a license to issue and exchange digital assets, Bloomberg reports.
Sberbank, digital assets, digital currency, cryptocurrency, blockchain
The Paypers has compiled thorough research on the financial sanctions imposed on the Russian Federation in the last two weeks. We aimed to help create a clearer picture of the complex economic machinations that the global payments, banking, and ecommerce ecosystems are faced with
Russia Ukraine War, European Commission, Visa, MasterCard, American Express, central bank, financial sanctions
European Union officials have announced new EU sanctions against the Central Bank of Russia (CBR), which will limit the bank’s ability to access its reserves and thus destabilise the Russian ruble.
Russia Ukraine War, central bank, banks, regulation
Authorities in the Russian Federation have announced starting to test a prototype of the digital ruble in January 2022.
digital currency, regulation
RBI, banks, partnership, challenger bank, transactions
The Bank of Russia has presented a new concept for the digital RUB (ruble), a central bank digital currency the regulator has been contemplating since late 2020.
CBDC, central bank, DLT, digital currency
Russia’s financial watchdog has said it will present a more detailed concept for the national digital currency by summer, according to online publication RT.
Central Bank of Russia, digital money, cash, electronic money, digital wallet
Huobi, a global crypto exchange provider, has announced support for Russian ruble (RUB) allowing users to deposit and withdraw the new fiat currency on their platform.
AdvCash, Fiat, cryptocurrency, Bitcoin, crypto, Russia, Huobi, cryptocurrency exchange
The state-controlled Russia-based bank Sberbank has expressed fears that the Russian Central Bank’s digital ruble plans will have a negative effect on liquidity in the nation.
Sberbank, Russian Central Bank, digital ruble, CBDC, e-wallets, liquidity