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Cross-Border Digital Ruble Payments May Become a Reality in 2026

Cross-Border Digital Ruble Payments May Become a Reality in 2026Generalized international settlements using the Russian digital ruble will not be available until 2026, according to statements from Anatoly Aksakov, Chairman of the State Duma Committee on the Financial Market. Aksakov stated that in 2025, authorities plan to expand the current pilot stage to implement these transactions within Russia. Subsequently, they will generalize and test […]

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Putin Calls to ‘Seize the Moment’ to Kickstart Digital Ruble and Crypto Adoption In Russia

Putin Calls to ‘Seize the Moment’ to Kickstart Digital Ruble and Crypto Adoption In RussiaPresident Vladimir Putin declared it was time for Russia to create the environment needed to increase the adoption of digital assets and the Russian CBDC, the digital ruble, as part of the country’s economic tissue. He also reported that over 30,000 transactions have been made in the pilot test phase of the digital ruble, with […]

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Russian Central Bank Chief: Mass Adoption of Digital Ruble Expected in 5 to 7 Years

Russian Central Bank Chief: Mass Adoption of Digital Ruble Expected in 5 to 7 YearsElvira Nabiullina, head of the Russian central bank, has stated that the mass launch of the digital ruble will take five to seven years. This appears to contradict recent suggestions by the chairman of the State Duma Committee on the Financial Market that the launch will begin next year. No Decision Before 2025 Elvira Nabiullina, […]

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Russia Discusses Testing Digital Ruble for Budget Payments

Russia Discusses Testing Digital Ruble for Budget PaymentsThe Central Bank of Russia and the Russian treasury are considering testing using the Russian CBDC, the digital ruble, to complete budget settlements. The tests would involve using this CBDC to make payments to businesses and citizens and receiving payments from these in CBDC, to ensure the targeted use of these funds. Russian Digital Ruble […]

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Russia Introduces Bill to Apply Money Laundering Controls to Digital Ruble Transactions

Russia Introduces Bill to Apply Money Laundering Controls to Digital Ruble TransactionsA group of lawmakers in Russia introduced a bill that would extend money laundering controls to digital ruble transactions. The proposal, spearheaded by the Chairman of the State Duma Committee on the Financial Market Anatoly Aksakov, establishes different responsibilities for platform participants and the Central Bank of Russia, which is appointed as the main AML […]

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Russian Digital Ruble Pilot ‘on Track,’ Registers About 25K Transactions

Russian Digital Ruble Pilot ‘on Track,’ Registers About 25K TransactionsElvira Nabiullina, Governor of the Bank of Russia, stated that the current pilot test of the Russian digital ruble was “on track,” with several operations being tested, including opening wallets, and interactions with smart contracts. Nabiullina revealed that over 25,000 transactions were registered, and confirmed the pilot expansion later this year. Russian Digital Ruble Pilot […]

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Russia Launching Payment System With ‘No Restrictions’ — Digital Currencies to Be Completely Unrestricted

Russia Launching Payment System With ‘No Restrictions’ — Digital Currencies to Be Completely UnrestrictedRussia is launching a new payment system that is “bound by no restrictions” where digital currencies could be used in cross-border payments, said Russian Finance Minister Anton Siluanov. “Two parties come to an agreement, make settlement payments, and no other country could step in and freeze such payments,” the top official explained. Digital Currency ‘Bound […]

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Russia to Work With Digital Currencies of Other Nations

Russia to Work With Digital Currencies of Other NationsThe platform developed for the digital ruble will be able to operate with different state-issued digital currencies, the Bank of Russia said. Mechanisms for interaction with digital coins minted by the central banks of other countries are already under development, the monetary authority unveiled. Digital Ruble Platform to Support Integration With Other CBDCs, Bank of […]

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Russian Parliament Votes on Bill Opening Door for Digital Ruble

Russian Parliament Votes on Bill Opening Door for Digital RubleRussian lawmakers have approved a draft law facilitating the implementation of the digital version of the national currency, the ruble. The legislation amends various other acts to introduce definitions and establish procedures related to the launch of the central bank digital currency. Russian State Duma Passes Digital Ruble Draft Law on First Reading The lower […]

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Fraudsters Offer Russians Bogus Chance to Invest in Fake ‘State Cryptocurrency’

Fraudsters Offer Russians Bogus Chance to Invest in Fake ‘State Cryptocurrency’Internet users in Russia have been targeted in an email campaign advertising the launch of an alleged cryptocurrency issued by the state. Potential victims are encouraged to follow a link to the website of the fraudulent investment scheme, security experts said. Thousands of Investment Offers Entice Russians to Put Money Into Non-Existent Cryptocurrency Fraudsters have […]

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