On August 15, the tests of the digital ruble will begin in Russia. This was announced this Wednesday by Olga Skorobogatova, first deputy governor of the Bank of Russia.
This pilot test is decisive in the country's transition to digital currency. “This step facilitates the examination of the…
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digital ruble
Putin approves the creation of a platform for the digital ruble
Russian President Vladimir Putin has approved new legislation establishing the gradual implementation of the digital ruble in the country's economy, in conjunction with traditional payment methods. This measure, which will be effective from…
VTB Bank of Russia will test the digital ruble among its employees
Russia, a country with a restrictive stance on the use of cryptocurrencies, will test digital ruble transactions internally at VTB Bank this year.
The financial institution, one of the main ones in the country, issued the announcement this…
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,…
Russia is not ready to take on Bitcoin as official currency
The official representative of the President of Russia, Dmitry Peskov, was emphatic in pointing out that his country “has no reason to recognize Bitcoin as legal tender”, reiterating the opposite position of the government of Vladimir…
12 Russian banks to participate in digital ruble tests
Sberbank, VTB, Alfa Bank, Gazprombank and Tinkoff are part of the 12 banks that were selected by the Central Bank of Russia to participate in the initial tests of the future digital currency of the country, the digital ruble.
As you may…
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…
Digital ruble could contain cybersecurity risks
This Wednesday, the Association of Banks of Russia (ABR) has published its comments about the digital ruble and the risks that the cryptocurrency may have directly related to cybersecurity and fraud.
As specified in the report, the…
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…