The Russian ruble has had a rough ride since the invasion of Ukraine started in 2022. After initially soaring to a record high of 154, the USD/RUB exchange rate plunged to a low of 50.77. This 67% sur...
Tag: Ruble
Bank of Russia to Start Testing Digital Ruble With Real Users on April 1 – Finance Bitcoin News
The Central Bank of Russia plans to launch test operations with digital ruble transactions between real customers at the beginning of April. More than a dozen banks will join the upcoming stage of the...
Bank of Russia to Debut Digital Ruble in April 2023
The first consumer pilot for the nation’s central bank digital currency (CBDC) will be rolled out by the Bank of Russia on April 1, 2023, as part of preparations for this day. According to the f...
Russian ruble (USD/RUB) faces moment of reckoning
The USD/RUB price continued its comeback after several Fed officials turned extremely hawkish following the strong US economic numbers. It also rebounded as natural gas prices crashed to the lowest po...
Reddit MOON Token Is Now More Valuable Than a Russian Ruble
Reddit’s MOON token is growing in value and becoming more popular. A single MOON is now worth more than 100 fiat currencies. The popular token is associated with the r/cryptocurrency subreddit. User m...
Russia Likely To Delay Its Digital Ruble Plans, Here’s Why
Gazprombank, a bank among 15 Russian banks participating in the Digital Ruble central bank digital currency (CBDC) tests, stated the launch of the Digital Ruble should be done gradually. The bank beli...
Banks in Russia to Lose $700 Million a Year Due to Digital Ruble, Experts Say – Finance Bitcoin News
Russian banks may be the main losers from the introduction of a digital ruble while retailers will save on acquiring fees, analysts have predicted. The benefits for consumers using the new digital cur...
Bank of Russia Outlines Payment Models With Digital Ruble, Other CBDCs – Finance Bitcoin News
The Central Bank of Russia has detailed two methods for implementing the digital ruble and other state-backed coins in international settlements. The monetary authority also plans to start testing con...
Ruble forecast as natural gas prices tumble
The USD/RUB exchange rate drifted upwards as natural gas prices tumbled. The Russian ruble dropped to a low of 73.40, the lowest level since April 2022. It has crashed by more than 41% from the highe...
Russian Federation Presents Bill on Digital Ruble to State Duma
The Russian Federation has submitted a draft bill regarding the digital ruble to the State Duma, the lower house of the Russian parliament. Russian lawmakers, led by the Chairman of the Financial Mar...
Here is all you need to know about Russia’s digital ruble
The State Duma, which is the lower chamber of the Russian parliament, has been presented with a draft legislative proposal pertaining to the digital ruble on Dec. 31. In addition to modifying a number...
Draft legislation for the digital Ruble forwarded by legislators in Russia
A group of Russian legislators, headed by Anatoly Aksakov, Chairman of the Financial Market Committee, have proposed draft legislation to create the digital Ruble that the Bank of Russia will issue. T...
Draft Bill on Digital Ruble Submitted to Russian Parliament
Tradingview The members of State Duma seek to add CBDC-related terminology to the legislation. The real-world consumer transactions and testing will begin in April 2023. Draft legislation on the digit...
Bill on Digital Ruble Submitted to Russian Parliament – Finance Bitcoin News
A draft law devoted to the digital ruble has been filed with the State Duma, the lower house of Russian parliament. The legislation introduces rules determining how the new form of national fiat will ...
Russia’s VTB Bank Adds Digital Ruble To Banking App
45 seconds ago | 2 mins read Altcoin News Certain customers will be given the opportunity to conduct test transactions. The bank also showcased a functionality for purchasing digital financial assets....
Russia’s Digital Ruble Integrated Into Banking App – Finance Bitcoin News
VTB has become the first Russian bank to add the digital ruble to its mobile application. The integration is currently being tested with accounts set up for legal entities. Select customers will be gr...
Russia’s Next Step for the Digital Ruble
Join Our Telegram channel to stay up to date on breaking news coverage Russia plans to make payments to its most important ally, China, using the digital currency, which will be implemented early in 2...
Settlements With China — Russia Plans Next Step for Digital Ruble – Finance Bitcoin News
Russia intends to use its digital ruble, to be introduced early next year, for payments with its key ally, China. Authorities in Moscow hope other nations will be willing to adopt the Russian digital ...
While the US Dollar Tramples the Euro, Pound and Yen, Russia’s Ruble Skyrockets Against the Greenback – Economics Bitcoin News
While the U.S. dollar has soared in value against a basket of worldwide fiat currencies, Russia’s ruble climbed 4.5% against the greenback this week. During the first week of September, Russia told th...
Russian Millionaires Planning To Launch Ruble Stablecoin Following DAI Algorithm
Alexander Lebedev and Sergey Mendeleev came together to launch Ruble-backed stablecoin on Ethereum Blockchain. Alexander Lebedev, the Ex owner of National Standard Bank and Publisher of the United Ki...
Foreigners to Be Given Anonymous Entry Points to Digital Ruble, Russian Official Suggests – Privacy Bitcoin News
Foreign nationals should be able to buy Russia’s upcoming digital ruble through entry points providing anonymity, according to a high-ranking member of the Russian parliament. The idea circulated in M...
Russian Crypto Startup InDeFi to Launch Ruble Stablecoin following DAI Model
InDeFi, a Russian crypto startup founded by the former owner of Russia’s National Standard Bank, Alexander Lebedev, has announced plans to introduce a ruble-pegged stablecoin on the Ethereum blockchai...
Bank of Russia to Promote Digital Ruble in Foreign Trade as Finance Ministry Pushes for Crypto Option – Finance Bitcoin News
Days after the two institutions agreed on the need for cross-border crypto payments, the finance ministry and the central bank of Russia are once again highlighting their different priorities. While t...
Russian PM Says Digital Assets Are ‘Safe Alternative’ in Foreign Trade, Urges for Ruble Payments – Finance Bitcoin News
Russian Prime Minister Mikhail Mishustin has praised digital assets as a payment instrument that could strengthen Russia’s financial independence. The top government official also called for increasin...
Russia To Roll Out Its Own Digital Ruble In 2024 – In Time For Elections
Russia moves forward with its plans to create its own digital ruble by 2024. Recently, the Central Bank of the Russian Federation (CBR) released a draft proposal outlining the primary monetary policy ...
Russia to Begin Phased Release of Digital Ruble
Russia’s apex bank has revealed that it has started testing its digital ruble project and it will be rolled out with new features starting from 2023. According to a document shared by the apex bank, t...
Bank of Russia Aims for Full Launch of Digital Ruble in 2024 – Finance Bitcoin News
The Central Bank of Russia plans to begin the comprehensive implementation of the digital ruble two years from now, according to a paper detailing its monetary policy priorities for the 2023 – 2025 pe...
Russia announces plans to release digital ruble to banks in 2024
The Bank of Russia has continued working towards the launch of a central bank digital currency (CBDC). The country plans to roll out the digital ruble to banks over the next few years. Russia plans to...
Russia’s Central Bank Plans to Launch its CBDC-Digital Ruble across all Banks in 2024
The Bank of Russia launched a digital ruble experiment in 2022 to explore business models and innovative use cases for central bank digital currencies (CBDCs). The Central Bank of Russia emphasized th...
Russia plans to roll out digital ruble across all banks in 2024
The Bank of Russia continues working towards the upcoming adoption of the central bank digital currency (CBDC), planning an official digital ruble rollout in a few years. According to the Bank of Russ...
Russia And Iran Experiment With Stripping Dollars From Their Bilateral Trade
A close-up image of an Iranian 10,000 rial bank note and a Russian 100 ruble bank note getty Russia and Iran have begun to take some small – but potentially significant – steps towards removing the U....
Bitcoin Gives Way To Ruble: Putin Signs Law Banning Crypto Payments In Russia
Bitcoin and other types of crypto has just been outlawed in Russia by no less than the commander in chief himself. A Russian legislative support system website said that on Saturday, Russian President...