Digital ruble

Cryptocurrencies to inevitably play important role in settlements

China is already developing its cryptocurrency, and Russia is also considering this issue, the Russian Foreign Minister added. MOSCOW, June 9. /TASS/. Cryptocurrencies will be definitely used proactively in international settlements, Russian Foreign Minister Sergey Lavrov said on Wednesday. “I think time will inevitably come when cryptocurrencies will play a very significant role, hold a […]

Digital ruble will undercut bank profits but help businesses: Bank of Russia

Russia’s central bank wants the digital ruble to help businesses by cutting out financial middlemen. Russia’s digital ruble is expected to reduce business costs, but could also cut profits for commercial banks, according to Elvira Nabiullina, the chairwoman of the Bank of Russia. At a Dec. 3 meeting of “Opora Russia,” a non-governmental organization of […]

Russian central bank opposes ruble-pegged stablecoins

Russia wants to follow China’s approach of banning private stablecoins pegged to its national fiat currency. Senior officials at the Bank of Russia have come out against the issuance of private stablecoins pegged to the Russian ruble. Sergei Shvetsov, a first deputy governor of the Russian central bank, said that the bank aims to ban […]

Belarus’ Largest Bank Launches Cryptocurrency Exchange Service

The largest bank in Belarus, Belarusbank, has reportedly begun providing a cryptocurrency exchange service, allowing customers to buy bitcoin using Visa cards. Ба́бушка на́двое сказа́ла.No one can know for certain.Russian proverb Belarusbank’s new cryptocurrency exchange service is in collaboration with bitcoin exchange service provider Whitebird, several local news outlets reported Thursday. The bank revealed its […]

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