
Russia’s largest bank has reportedly joined the country’s digital ruble pilot program ahead of a mid-2025 launch of the central bank digital currency (CBDC). The Russian news agency Interfax reports that Russia’s top financial institution, Sberbank, is now a participant in the program, which conducts transactions with digital rubles. The pilot will eventually involve 22 […]
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The Finance Minister of Russia has reportedly confirmed that many companies in the country are now using Bitcoin (BTC) to engage in foreign trade and skirt Western sanctions. Reuters reports that the Russian government has recently taken legislative measures to legalize the mining of the crypto king and other crypto assets, helping firms find ways […]
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Russia is reportedly considering using stablecoins to make international payments, according to state-run media. According to a new report by Russian state publication Izvestia, Russia is looking to legalize the use of stablecoins to make cross-border payments. The report didn’t mention what type of stablecoins the Russian government is considering. The Deputy Chairman of Russia’s […]
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