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Russia largest bank is moving forward with the plan

Sberbank, the biggest bank in Russia, is pushing ahead with the plan to deploy its decentralised financing (DeFi) platform. The bank is now getting...

Russia’s Sberbank Reportedly Developing Ethereum-based DeFi Platform

9 hours ago | 2 mins read Blockchain News The platform is now under closed beta testing as per Konstantin Klimenko. Sberbank...

Russia’s Largest Bank Plans To Roll Out Ethereum-Compatible DeFi Platform by May: Report

Russia’s largest bank by total assets plans to deploy an Ethereum (ETH)-compatible decentralized finance (DeFi) platform, according to a report from a Russian news...

Sberbank Set to Launch Decentralized Finance Platform Based on Ethereum

A recent report details that Russia’s largest financial institution, Sberbank, plans to launch a decentralized finance (defi) platform in May. Konstantin Klimenko, product...

Banks in Russia to Lose $700 Million a Year Due to Digital Ruble, Experts Say

Russian banks may be the main losers from the introduction of a digital ruble while retailers will save on acquiring fees, analysts have predicted....

Russia Mulls Gold-backed Stablecoin, Lawmaker Confirms After Iran Visit

Russia may issue a stablecoin backed by gold to use in international settlements, a high-ranking member of the Russian parliament has admitted. The...

Russia Partners With Iran to Release a Stablecoin Backed by Gold (Report)

The Russian government and the Central Bank of Iran are reportedly mulling a partnership to create a new stablecoin that can facilitate cross-border...

Iran and Russia are working on gold-backed stablecoin: report

Iran and Russia are reportedly eyeing a new stablecoin for cross-border trade, including in the Astrakhan...

Bank of Russia Outlines Payment Models With Digital Ruble, Other CBDCs

The Central Bank of Russia has detailed two methods for implementing the digital ruble and other state-backed coins in international settlements. The monetary...

Russia Begins CBDC Settlement Mechanism While Sanctions Continue

There are continuous sanctions against Russia as a result of its invasion of Ukraine; yet, reports indicate that Russia's central bank is about to...

Amid High Energy Demand From Miners, Russia Mulls Building New Power Plants in Siberia

Growing electricity consumption in the crypto mining sector may require the construction of new power generation facilities in Siberia, the energy minister of...

Bill on Digital Ruble Submitted to Russian Parliament

A draft law devoted to the digital ruble has been filed with the State Duma, the lower house of Russian parliament. The legislation...

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