Tag: Central Bank of Russia
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Bank of Russia to Test Digital Rubles; XRP’s Success in Prior Tests Noted
The Bank of Russia (BoR) will begin testing digital rubles starting Aug. 15. This move is part of Russia’s central bank digital currency (CBDC)...
Ripple’s CBDC Team Reveals Real Estate Tokenization
Antony Welfare, Ripple's CBDC adviser, recently participated in a fintech conference in Central and Eastern Europe (CEE), where he presented two groundbreaking use cases....
Russian Banks Set for Record Profits This Year, Central Bank, Rating Agency Say
Bank of Russia raised its forecast for the profits of Russian banks in 2023, expecting results that may break the 2021 record. This year’s...
No Rate Hikes in Russia, Central Bank Keeps Interest Rate Level Again
Bank of Russia decided to maintain the interest rate at 7.5% amid moderate inflation, estimated at 2.5% on an annual basis in April,...
Russia Developing Payment Gateways With Partners Like Turkey, Mulling Crypto Settlements
Bank of Russia is building a system of gateways with foreign payment networks and is now working with Turkey in this field. Russia’s...
Russia’s Shocking Crypto U-Turn: Welcoming Digital Currencies for Foreign Trade?
Central Bank explores crypto settlements Experiment targets foreign structures New institutions to handle mining
In a controversial move, Elvira Nabiullina, Chairman of the...
Household Crypto Holdings Included in Bank of Russia’s Consumer Finance Survey
The Central Bank of Russia has added crypto asset holdings of households to its survey of consumer finances. The statistics reveal that Russian...
Russia Postpones CBDC Launch: Banks Willing to Start Experiment
Russia has postponed the launch of its pilot project with the digital ruble to early May. The decision is to launch the digital ruble...
Bank of Russia Registers Another Digital Asset Issuer
The Central Bank of Russia has added another entity to its register of authorized issuers of digital financial assets. The platform, called ‘Masterchain,’...
Bank of Russia to Start Testing Digital Ruble With Real Users on April 1
The Central Bank of Russia plans to launch test operations with digital ruble transactions between real customers at the beginning of April. More...
Gazprombank suggests banks be given more time to adjust to digital
Gazprombank, which is an unit of the main Russian government-owned gas business, Gazprom, has openly recommended that banks be given extra time before the...
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