Articles for tag: Banking Regulations, Central Bank of Russia, Digital Currency, digital ruble, financial technology, pilot program, Sberbank

Market News

Russia’s Largest Bank Participates in Digital Ruble Pilot Program, Paving the Way for Modern Financial Transactions

Sberbank, Russia’s largest bank, has officially joined the digital ruble pilot program alongside TBank and Tochka Bank. The Central Bank of Russia has mandated that all major banks in the country must incorporate digital ruble functionalities by July 2025, or they will incur penalties. The pilot program now includes 15 banks, with plans for more ...

Market News

Debanking: The Rising Concern of Tech’s Right-Wing Elite and Its Impact on Financial Freedom

The cryptocurrency industry, once aimed at challenging traditional banking, is now seeking basic banking services like checking accounts. Influential figures like Elon Musk and Marc Andreessen argue that banks are unfairly withdrawing services from those involved in crypto, a practice termed “debanking.” This issue has gained attention as anecdotes from tech founders and industry members ...

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