News about RUSSIA

News about Russia

Russia to Launch Digital Ruble Transactions With Real Users in August

Banks taking part in the digital ruble pilot will begin testing transactions with actual clients in mid-August, according to a top executive of one of the financial institutions. The trials are set to start weeks after Russia adopted dedicated legisl...

????️ Scan Your Balls Dystopia, ???????? Russia Bans Digital Assets, ???? BTC Block Height Reaches 800K - these are the headlines in issue #22 of the Bitcoin Breakdown

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Russian President Vladimir Putin States Emergent Multipolar World Order Will Be ‘More Just’

In a recent article, Vladimir Putin, President of the Russian Federation, outlined his thoughts about the emergence of a new multipolar world order. Putin explained this new configuration will allow different regions, including Africa, the Middle Eas...

Putin Signs Digital Ruble Law Allowing CBDC Payments in Russia ... - Bitcoin News

Putin Signs Digital Ruble Law Allowing CBDC Payments in Russia ...& & Bitcoin News

Putin Signs Digital Ruble Law Allowing CBDC Payments in Russia

President Vladimir Putin has signed into law a bill on the introduction of the digital ruble in the Russian Federation. The new legislation, which legalizes and regulates the use of Bank of Russia’s digital currency for payments and other transaction...

Russian Ruble Falls by Over 18% in 2023, Economist Says the Currency Has ‘Stabilized’

After the Russian currency touched a year low versus the greenback of nearly 92 units for every dollar, economist Robin Brooks said the ruble has stabilized and may eventually be lifted by rising oil prices. The Institute of International Finance Eco...

Vladimir Putin Approves Russian CBDC, Launches In August

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Vladimir Putin signs Russia’s digital ruble bill into law

The digital ruble bill was passed by the lower and upper parliaments before the president signed it into law. Russia is following in the footsteps of its neighbour, China, which is way ahead with its digital Yuan project. The use of the digital rubl...

Putin signs law on introduction of digital ruble in Russia

Russian citizens will not be forced to use the digital ruble, and use of the CBDC will be a voluntary choice for people to make, the governor of the Bank of Russia said....

Next Year’s BRICS Summit to Gather More Than 5 Leaders, Russian Diplomat Predicts

Moscow expects the number of leaders participating in the 2024 BRICS summit to be greater than five, according to a high-ranking Russian diplomat. The statement comes as the five-member organization prepares to discuss its enlargement at its meeting...

Central Bank of Russia Discusses Digital Ruble Integration With Other Countries

The Central Bank of Russia (CBR) is already discussing the integration of its central bank digital currency (CBDC), the digital ruble, with other countries’ payment systems. Elvira Nabiullina, Governor of the CBR, declared the bank was explorin...

Kids Won’t Be Able to Spend Mom’s Digital Ruble as They Wish, Russian Official Says

The new form of Russia’s fiat, the digital ruble, will make spending more efficient for both government and family budgets, according to a high-ranking lawmaker. Anatoly Aksakov, who was involved in the recent adoption of the new digital ruble legisl...

Russian CBDC by 2025? What’s happening with the digital ruble

2025–2027 might still seem far away, but the Central Bank of Russia is preparing its CBDC for mass adoption by then. The Central Bank of the Russian Federation’s (CBR...

Russia Advances With Digital Ruble Pilot Amid Economic Tensions

As the international economic landscape continues to change, Russia finds itself at a critical crossroads. The country is moving forward with plans to introduce a digital ruble, aligning itself with an increasing number of nations exploring digital c...

Robert Kennedy Jr Says Biden Is ‘Preparing for Ground War With Russia’ as World War III Warnings Escalate

U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) has explained that President Joe Biden is “preparing for a ground war with Russia” by signing an executive order to mobilize reserve forces to augment Operation Atlantic Resolve....

Russia, 10 Southeast Asian Nations Discuss Using National Currencies in Trade Settlements

Russia is discussing using national currencies in trade settlements with 10 Southeast Asian countries, members of the Association of Southeast Asian Nations (ASEAN), Russian Foreign Minister Sergey Lavrov has revealed. The move comes as more and more...

Russian State Duma Passes Digital Ruble Law – Regulation Bitcoin ... - Bitcoin News

Russian State Duma Passes Digital Ruble Law – Regulation Bitcoin ...& & Bitcoin News

Russian State Duma Passes Digital Ruble Law

The State Duma, the lower house of the Russian Federal Assembly, discussed and passed the Digital Ruble law in its second and third discussion on July 11. The law will allow the Central Bank of Russia, as the sole regulator of the proposed digital cu...

Russia’s “digital rouble” almost a reality after approval by lower house parliament

The bill will now move to the upper chamber of the Russian Federal Assembly. If passed the bill will be signed by the president into law. The Bank of Russia (BoR) will become the principal operator of the digital ruble infrastructure. The digital r...

Western Sanctions on Russia Demolish Global Trade System, Cause Inflation Surge, Says Russian Banker

Russia’s second-largest bank’s chairman says by imposing sanctions on Russia, the West has “demolished the global trade system and caused an inflation surge.” Pointing to the U.S. banking crisis as an example, he stressed: “This is virtually the larg...

Russian Duma Passes Approves CBDC, Real Transactions To Commence Next Month

The State Duma, the lower chamber of the Federal Assembly of the Russian Federation, passed the digital ruble bill also known as Russia’s central bank digital currency (CBDC) in its third reading on July 11, 2023. This move brings the digital r...

Russian parliament passes digital ruble bill

The legislation will now move to the upper chamber of the Russian Federal Assembly and, if passed, to the president’s desk. Russia’s central bank digital currency (CBD...

Russia’s Central Bank: BRICS Currency Requires Consent of Many Parties, Faces Implementation Challenges

The governor of Russia’s central bank says the creation of a common BRICS currency “requires the consent of many parties.” While emphasizing that the proposed BRICS currency “deserves attention,” the Russian central bank chief cauti...

Central Bank of Russia: Digital Ruble Could Be Launched as Soon as 2025

Olga Skorobogatova, first deputy chairman of the Central Bank of Russia, indicated that the launch of the digital ruble, the Russian central bank digital currency (CBDC), could happen in 2025. The pilot test for the CBDC will be organized later this...

Putin Warns of Increased Financial Crisis Risk — Says Russia Is Being Subjected to Hybrid War

Russia’s President Vladimir Putin has warned of increased “risks of a new global economic and financial crisis against the backdrop of an uncontrolled debt accumulation by developed countries.” He added that Russia is “being subjected to a hybrid war...

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