Russia’s State Duma Pushes Forward with Digital Ruble Mandate Russia’s State Duma has introduced a new bill that mandates the use of the digital ruble, the country’s central bank digital currency (CBDC), starting from July 1, 2025. Russia’s CBDC, the digital ruble, becomes mandatory for banks and merchants. Implementation begins July 1, 2025, expanding to […]
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Russia’s Digital Ruble Faces Banking Opposition While T-Bank Explores Tokenization “Banks might no longer be needed in Russia once the digital ruble launches,” warns Anatoly Aksakov, head of the State Duma Committee on Financial Markets. As the Bank of Russia (BoR) gears up to launch its Central Bank Digital Currency (CBDC), known as the digital […]
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Russia’s Largest Bank Joins Digital Ruble Pilot Program Russia’s financial giant, Sberbank, has boldly stepped into the digital age by joining the digital ruble pilot program. Alongside TBank and Tochka Bank, this move elevates the total number of participating credit organizations to 15, showcasing the Central Bank of Russia’s (CBR) strong support for digital currency. […]
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