Arabic AR Chinese (Simplified) ZH-CN English EN French FR German DE Japanese JA Portuguese PT Russian RU Spanish ES Turkish TR
Connect with us

Hi, what are you looking for?


Russia’s Central Bank Governor Said That A Digital Ruble, Which Could Be Used For International Payments, Is Already Being Tested.

Russia is planning to run “pilot transactions” as early as next year using a digital ruble that could be used for international payments, according to a new report. 

Elvira Nabiullina, governor of the Central Bank of Russia, said that the digital ruble was already being tested and that the bank was gearing up for real-world digital ruble transactions, Russian publication Vedomosti reported.

“We have fairly quickly created a prototype… now we are holding tests with banks and next year we will gradually have pilot transactions,” Nabiullina told Russia’s State Duma, the lower house of the country’s government, according to Reuters.

The idea of a Russian central bank digital currency has been in the works for over a year. Last April, central bank leaders announced that a full launch could take place in 2023.

Nabiullina also said that Russia is looking to widen the pool of countries that accept the central bank’s MIR, a payment system that offers an alternative to Visa and Mastercard, which suspended operations in Russia, following the invasion of Ukraine.

In an attempt to cut Russia off from the global financial system in the first days of the war, western countries decided to ban certain Russian banks from the international payments messaging system SWIFT.

Officials in the US have been watching out for possible ways in which the country might be able to sidestep economic sanctions. Some have voiced concerns over whether crypto could serve that purpose.

US Treasury Secretary Janet Yellen addressed some of those worries when she testified before the House Financial Services Committee earlier this month. “We’re monitoring for any attempts to use cryptocurrency to evade sanctions,” she told lawmakers.

Russia’s largest bank, Sberbank, announced last month that it would soon start issuing and exchanging digital financial assets, after getting the green light from Russia’s central bank.



Worldwide music and entertainment giant Warner Music Group (WMG) has joined forces with OpenSea to introduce dedicated landing pages for their artists. The WMG roster will...


Though the recent months haven’t been very good for the crypto industry, this could not deter some crypto investors from being bullish about this...


The down-trending market that took its resistance from $1.35134 on the 10th of September did not go too far before it begins to face...

Crypto News

Robinhood, a leading investment app, has rolled out its newest product — a crypto wallet that charges zero transaction fees to its users. For...