The central banks of Russia and Japan announced that in April they will launch the pilot tests of their CBDCs, planes that they have been working on for a few months.
The executive director of the Japan Bank, Uchida Shinichi, declared this week that the pilot tests seek to make clear the viability…
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Central Bank of Russia
Russia wants to implement its digital currency by 2024
The Central Bank of Russia announced that it plans to implement a digital ruble for 12 previously chosen banks in 2024.
A document issued by the CNR establishes that the comprehensive implementation is scheduled to begin within two years,…
Bank of Russia works on digital ruble
The Central Bank of Russia has announced the start of pilot tests with the digital ruble for execution at the end of 2021, as reported by the entity's deputy governor, Alexey Zabotkin to local Prime news agency.
The senior executive…
Five Russian commercial banks will test digital ruble in 2021
In a recent report, the Central Bank of Russia reported new initiatives aimed at improving technological innovation in payments in the retail sectors and other areas, favoring the development of the digital economy, reducing the dependence…
Russia will develop a cryptocurrency backed by gold
The Russian cryptoactive will be used to carry out financial transactions between countries. Although the authorities of the nation maintain that the use of digital currencies still can not be considered as a substitute for fiat money.…
Russia approves mining operations
The Central Bank of Russia approved the activity of mining through the company Minery in three cities of Siberia. The decision does not include trade in cryptocurrencies, because it is illegal in the governmental sphere.
In Siberia,…