digital ruble

On April 23rd, the Russian Central Bank announced that the system supporting the issuance and circulation of the Russian Central Bank\’s digital currency (CBDC) may cooperate well w

According to reports, the National Bank of the Republic of Belarus has prepared a pilot plan for the Central Bank\’s Digital Currency (CBDC). The President of the National Bank, Pav

It is reported that due to the fact that the draft law related to the digital ruble is currently only being read by the Russian State Duma, the pilot CBDC (Central Bank Digital Cur

It is reported that due to the legislative process, the Russian CBDC pilot will not start on April 1, and the legislation may be finally promulgated in early May. The number of pri

12:00-21:00 Key words: digital ruble, US household debt, Brazilian government, YGG Interpretation of this information: The message hints at four major developments happening today related to the digital ruble, US household debt, Brazilian government, and YGG. Firstly, the announcement of the digital ruble’s creation is a significant breakthrough for Russia’s financial system. A digital ruble is a digital currency that operates as an alternative to paper currency. The concept is similar to other digital currencies such as Bitcoin, which is designed as a decentralized currency. The launch of the digital…

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) digital ruble was ready to enter the pilot stage. The bank plans to launch a consumer pilot on April 1, 2023. The pilot will be used for point-to-point transfer between individuals and retailers, but only a few selected retailers can participate in the pilot. The source said that the bank would decide how to expand the pilot after the pilot. Interpretation of this information: The Central…

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 network security forum that from April 1, 2023, the Russian Bank would launch a pilot project of real transactions in the digital ruble (CBDC) involving 13 banks and many merchants. The transaction involves personal transfer and payment of trade and service enterprises. The 13 banks have passed all the tests, including technical and operational tests. The regulators expect that they will enter the pilot project…