The Central Bank of Russia is gearing up for a broader rollout of its digital currency, the digital ruble. The pilot program, which began in August 2023 with a limited number of banks and clients, is set to expand in September 2024.
Read MoreThe Central Bank of Russia is gearing up for a broader rollout of its digital currency, the digital ruble. The pilot program, which began in August 2023 with a limited number of banks and clients, is set to expand in September 2024.
Read MoreFacing sanctions that restrict traditional payment methods, Russia is reportedly exploring the use of stablecoins for cross-border transactions.
Read MoreIn a move seen as a potential response to Western sanctions, Russia is reportedly considering legalizing the use of stablecoins for international transactions. Stablecoins are cryptocurrencies pegged to a stable asset, like the US dollar or gold, aiming to minimize price fluctuations.
Read MoreThe Russian Central Bank has observed a significant increase in citizens' transactions on crypto exchanges and peer-to-peer trading platforms.
Read MoreAccording to a report from BitRiver, Russia's largest crypto mining entity, the Russian crypto mining sector is anticipated to see growth ranging between 20% and 40% in 2024. This information was shared by industry insiders and reported by Overclockers.
Read MoreRussia will impose severe limitations on the widespread use of digital assets like Bitcoin as of September 1. It will only accept digital financial assets issued within its borders.
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