Russian Banks Baulk at Digital Ruble Implementation Costs
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Russian banks, particularly smaller ones, are unhappy about the high cost (between $1.25 million and $2 million) of integrating with the central…
Bank of Russia to Launch Digital Ruble Payment Infrastructure by July 2025
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The Bank of Russia aims to open the payment infrastructure for the Russian central bank digital currency (CBDC), the digital ruble, by…
Putin Signs Law to Advance Cryptocurrency Use in Russia’s International Trade
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Russian President Vladimir Putin has signed a new law to establish experimental legal frameworks to advance digital technologies, particularly cryptocurrencies, in international…
Russia to Initiate Crypto Payments Internationally by Year-End, Central Bank Governor Says
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Russia plans to launch international cryptocurrency payments by the end of the year to counter Western sanctions, according to the governor of…
US Treasury ‘Very Attentive’ to Russia’s Use of Cryptocurrency, Yellen Says
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U.S. Treasury Secretary Janet Yellen has addressed concerns about Russia using cryptocurrency to evade sanctions. During her testimony before the House Financial…
Bank of Russia Discusses Conditions of Upcoming Stablecoin Regulation
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The Bank of Russia has highlighted the conditions it will need to consider when regulating the use of stablecoins for Russian individuals…