Central issues: Russia’s National Bank started testing for its advanced ruble project on August 15, including 13 banks and select clients. The advanced ruble plans to improve cross-line installments and homegrown utilization. Russia prepares for computerized ruble reception, underlining staged testing and inescapable execution. The Bank of Russia (BoR) has unveiled its plans to commence testing the…
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Key Ideas The group of bills pertaining to the digital ruble were approved in their first reading by members of the Russian State Duma. To provide definitions and establish procedures regarding the introduction of central bank digital currencies, the law amends numerous other statutes. The responsibility for keeping track of the money and ensuring its…
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