Digital Ruble
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Developing the Digital Ruble: Russia’s Latest Financial Move
According to reports, on April 24th, according to the Russian satellite news agency, Russian Finance Minister Siluanov stated that Russia is developing the digital ruble and has st
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The Impact of Digital Ruble Restrictions on the Russian Economy
According to reports, the Governor of the Russian Central Bank, Elvira Nabiullina, delivered a speech in the State Duma stating that the Central Bank of the Russian Federation will
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Russia Takes Steps towards Digital Currency Regulation
According to reports from local media, the Russian State Duma approved the first reading of the draft law establishing the issuance and regulatory system of the Central Bank of Russia’s digital currency (CBDC) this week. In addition, Russia also approved the first reading of the bill amending the Russian Civil Code and defining the digital ruble as a “non cash currency”, as well as formulating rules on wallet agreements and inheritance of digital currencies, These two bills mainly fill the regulatory gap brought about by currency digitization. Currently, both bills will be reviewed and a second reading will be finalized based on feedback from lawmakers. The second reading will take place in the coming months. The draft law on the establishment of CBDC regulation and issuance in Russia has been approved by legislators on first reading Analysis based on this information:The Russian State Duma has taken strides towards regulating digital currencies with the approval of two bills that aim to…
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The Impact of Digital Ruble, US Household Debt, Brazilian Government, and YGG
12:00-21:00 Key words: digital ruble, US household debt, Brazilian government, YGG
Overview of important developments in the evening of February 18</h2…
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Russia’s Central Bank set to Launch Digital Ruble Pilot on April 1, 2023
According to reports, Olga Skorobogatova, deputy governor of the Central Bank of Russia, said on Friday that the country\’s central bank digital currency (CBDC)…
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Russia Plans Pilot Project for Digital Ruble in 2023
On February 17, according to the local news agency Tass, Olga Skorobogatova, the first deputy governor of the Russian Central Bank, said during the financial n…