The Russian Central Bank is exploring digital currencies to address cross-border payment issues, including import payment difficulties and declining trade volumes, according to Governor Elvira Nabiullina.
Russia's central bank is exploring digital currencies to address cross-border payment issues and declining trade volumes, as highlighted by Governor Elvira Nabiullina.
The Bank of Russia anticipates that the digital ruble, the country's CBDC, will be widely adopted within five to seven years due to its benefits for Russian citizens.
Russia to adopt Bitcoin for international payments by September, amid sanctions pressure. New legislation includes cryptocurrency mining guidelines and energy consumption limits.
Russia plans to launch its first international cryptocurrency payment by year-end, focusing on the Digital Ruble, as announced by Central Bank Chairwoman Elvira Nabiullina.
Russia's Central Bank governor announces plans to start international transactions using Bitcoin and other cryptocurrencies by year-end.
Governor of the Central Bank of Russia, Elvira Nabiullina, announced that international payments with Bitcoin and cryptocurrencies could commence by the end of the year.
Bank of Russia Governor Elvira Nabiullina suggests that international payments with cryptocurrency could be possible by year-end, according to Reuters.
El banco central de Rusia propone usar criptomonedas para contrarrestar las sanciones occidentales en transacciones internacionales.
The Bank of Russia, led by governor Elvira Nabiullina, has stated that potential U.S. asset confiscation will not affect Russia's economic stability due to its long-term asset diversification.
The Bank of Russia will endorse the use of cryptocurrencies for international settlements. Governor Elvira Nabiullina suggests starting with a sandbox approach, while national digital assets could be used without such measures.
Russian Central Bank Governor Elvira Nabiullina estimates a 5 to 7-year timeline for mass adoption of the digital ruble, conflicting with earlier State Duma Committee projections for a launch next year.
