The most common hindrances cited include insufficient information about the technology (22%) and concerns about cyber theft and system failures (21%).
Russia to begin CBDC trials with 13 banks
According to Olga Skorobogatova, first deputy governor of the Bank of Russia, initiating pilot operations using genuine digital rubles represents a pivotal phase within the project.
Bank of Russia presents digital ruble’s logo and commission fees
From 2025 B2B transactions will cost $0,16 each, while individual customers will pay 0.3% of the total transaction sum when transferring to commercial accounts.
Putin Signs Digital Ruble Law Making a CBDC Possible in Russia
The new law describes a legal framework for a central bank digital token
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, Bank of Russia governor said last week.
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.
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.
Russian parliament passes a “digital rouble” bill
Document faces confirmation in the higher chamber of Russian parliament and, afterward, the President’s signature.
Russian lawmakers propose amendments to digital ruble bill
The bill could be changed regarding debt operations, services for non-residents and the role of the central bank.
Foreign trade and pensions: What’s next for Russia’s CBDC project?
The Russian digital ruble pilot launch was delayed until at least May, but the government still hopes to kick off the currency in 2024.
Bank of Russia to set up entities for crypto mining and cross-border settlement: Report
Russia’s central bank plans to create new institutions to mine crypto assets and settle international payments.
Russia delays digital ruble launch testing due to lawmaking process
The participating banks expressed their readiness to proceed with the CBDC pilot.
Russian crypto advocates urge Putin to stop regulatory hostility
Russia’s existing regulatory stance on the cryptocurrency industry would potentially lead the country to “direct financial losses,” the RACIB argued.
Bank of Russia to Pilot CBDC in April
Digital ruble payments will be launched for retail purchases and peer-to-peer transactions, a central bank official said.
Russia to roll out CBDC pilot with real consumers in April
Russia’s central bank is preparing to launch the first consumer pilot for the digital ruble in collaboration with 13 local banks.
Russia’s Gazprombank recommends slow CBDC rollout fearing loss of income
Gazprombank, a subsidiary of a state-owned energy corporation, which participates in Russia’s CBDC initiative, fears losing a part of its income as the digital ruble replaces traditional fiat currency.
Russia to begin work on CBDC settlement system in Q1 as sanctions endure: Report
The country’s central bank will begin studying two possible cross-border CBDC settlement models this quarter.
Crypto OTC trading to get traction due to FTX fiasco, exec says
The FTX crash could trigger a bigger demand for crypto OTC services as investors are looking for alternative crypto exchange methods amid weak trust in CEXs.
Only for foreign trade: Bank of Russia stands against free crypto investment
The Russian government doesn’t want to enable Bitcoin for regular Russian people, but rather exclusively for foreign trade entities.
Bank of Russia wants to ban miners from selling crypto to Russians
The Russian central bank supports the idea of legalizing the crypto mining business, but only if miners sell their coins to non-residents of Russia.