Russia’s Central Bank has announced the indefinite postponement of its blockchain-based “Digital Ruble” launch, which was previously set for July 1, 2025. Central Bank Governor Elvira Nabiullina addressed the public, mentioning that more discussions with banks are needed to finalize the economic model for the digital currency. Although pilot tests have shown participation from several ...
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 ...
Russian President Vladimir Putin is questioning the importance of holding foreign currency reserves, suggesting that cryptocurrencies like bitcoin could be more reliable alternatives. His comments come amid ongoing tensions with Western nations, which have frozen approximately $300 billion of Russia’s foreign assets since the Ukraine conflict began. Putin argues that this freeze damages the US ...
Russian President Vladimir Putin recently suggested that bitcoin could be a better alternative to foreign currency reserves, raising questions about their effectiveness amid heavy Western sanctions since the Ukraine war began in 2022. He criticized the freezing of about $300 billion in Russian reserves, claiming it harms the US dollar’s global standing. Putin emphasized that ...
