Russian Authorities Plan Crypto Ban to Safeguard Ruble: Reports
Russia to ban cryptocurrencies in September to protect ruble. CBDC pilot ongoing, potential adoption by 2025.
EdmundRussia to ban cryptocurrencies in September to protect ruble. CBDC pilot ongoing, potential adoption by 2025.
EdmundDiscover the strategic implications of Binance's recent decision to discontinue Russian Ruble (RUB) services. Understand the impact on users, the reasons behind this significant move, and the subsequent shifts in the global crypto market landscape.
WeiliangFinance Minister Anton Siluanov outlined plans to use the digital ruble for "social payments" and "subsidies."
AlexBinance Russia users will have only until 31 January 2024 to withdraw their rubles from the exchange.
CatherineCurrently in real-world testing, the digital ruble is being piloted with a select group of consumers and involves the participation of 15 Russian commercial banks and a small number of small- and medium-sized retailers.
CaptainXDaily trading volume between USDT and RUB reached almost $15 million shortly after the start of the riot.
cryptopotatoThe Bank of Russia’s digital ruble pilot was originally scheduled to start on April 1.
LedgerinsightsThe head of the Bank of Russia, Elvira Nabiullina, said that many banks are already participating in the experiment with the digital ruble.
OthersBank of Russia started CBDC testing in 2022 and expects to implement an official banking rollout in the year of presidential elections in 2024.
Cointelegraph