2023-2-17 16:49 |
Russia’s central bank is preparing to launch the first consumer pilot for the digital ruble in collaboration with 13 local banks. origin »
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The pilot program will expand its functionality towards the end of 2023. Russia was trying to tackle the financial strain due to Western sanctions through CBDCs. Russian central bank, The BaThe post Russia to launch CBDC pilot in August appeared first on AMBCrypto.
2023-8-10 09:30 | |
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Russia is currently in the pilot phase of its CBDC development and is expected to complete the development by early next year.
2022-9-27 11:11 | |
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The Bank of Russia has started conducting trials for its own CBDC. The announcement coincides with the central bank’s plans to launch the CBDC project’s pilot phase in early 2022. Despite President Vladimir Putin’s request that his government and central bank work out an uniform regulatory framework for crypto assets rather than a complete prohibition, […]
2022-2-16 10:22 | |
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Elvira Nabiullina, the Governor of the Bank of Russia, has disclosed that the central bank will only embrace a digital version of the ruble if it meets several conditions within pilot tests. Nabiullina spoke on this matter before the State Duma Committee on Financial Markets on November 15.
2021-11-19 18:58 | |
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A pilot program of the digital ruble has been announced by the Bank of Russia with a dozen banks involved. The post Bank of Russia Announces Upcoming Trial For Digital Ruble appeared first on BeInCrypto.
2021-7-1 22:50 | |
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Russia’s central bank has examined three platforms offering crypto-related services. The projects have been tested in its regulatory sandbox in the course of 2020. Bank of Russia has received dozens of requests to pilot various financial services since it created the closed regulatory environment around three years ago. CBR Pilots 3 Crypto Projects in 2020 […]
2021-5-9 17:00 | |
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First Deputy Governor Olga Skorobogatova said that a digital Ruble prototype will be created in December at a press conference. The asset, based on Distributed Ledger Technology, will likely use open source code that will have centralized control under the bank.
2021-4-9 11:44 | |
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Local reports from Russia indicate the country plans to complete its prototype for a digital ruble before the end of 2021. According to Prime, a financial news outlet, the central bank will launch pilot programs to test the CBDC in 2022 once the prototype is complete.
2021-3-14 18:41 | |
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Among nations in hot pursuit of a digital currency of their own, Russia is in the news again. Its central bank announced plans to start testing a pilot version of the digital ruble by the end of 2022.
2021-3-12 01:30 | |
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Turkey and Russia continue to inch closer to CBDC ambitions. Turkey Set to Pilot CBDC in 2021 Second Half According to a Coindesk report published on Dec 26, Turkey is poised to begin piloting a previously undisclosed digital currency in the second half of 2021.
2020-12-29 18:00 | |
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Countries around the world have shown great interest in developing central bank digital currencies (CBDCs), with a good number of central banks already in the process of creating digital versions of their national currencies.
2020-10-25 18:34 | |
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Five Russian banks expressed interest in a possible pilot project of the digital ruble if it is launched by the Bank of Russia. The RNKB from the disputed region of Crimea is among them.
2020-10-18 18:08 | |
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The proposed cryptocurrency legislation in Russia could change a lot, now that a new bill for tokenization has been filed. On February 17, the Central Bank of Russia (CBR) has made the announcement that it has completed a blockchain tokenization pilot program.
2020-2-17 20:42 | |
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In an announcement dated February 17, 2020, the Central Bank of Russia (CBR) stated that it had successfully completed a blockchain tokenization pilot using a platform developed by Nornickel within its regulatory sandbox.
2020-2-17 20:00 | |
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Russia may soon have a legal framework for asset tokenization in place following a successful pilot by major mining firm Nornickel
2020-2-18 14:06 | |
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Waves is partnering up with Rosseti, Russia’s national energy grid operator, to put the sector on blockchain rails. First results are successful. Will the pilot go nationwide?
2019-12-14 06:26 | |
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Blockchain voting has been proposed as a way to conduct sound and tamper-proof elections, and several pilot projects have been initiated in different countries to check the credibility of the system.
2019-10-6 11:30 | |
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JSC IVHIMPROM, Russia’s oldest chemical production center, announced on September 20 that it has entered into a partnership agreement with the Credits blockchain platform. The agreement foresees the implementation of a pilot project on the automation of the supply management and sales systems of the chemical giant through the use of blockchain technologies developed by […] The post Chemical mainstay IVHIMPROM launches blockchain era in Russian chemical industry by signing agreement with Credits Blockchain appeared first on AMBCrypto.
2019-9-26 21:31 | |
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On September 20, the Credits blockchain platform project and one of the oldest Russian enterprises in the chemical industry, JSC IVHIMPROM, entered into a partnership agreement and announced the launch of a pilot project on the automation of the management of supply and product sales.
2019-9-26 18:40 | |
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Sberbank, known as the largest banking institution in Russia, recently used blockchain technology to buy around $15 million USD worth of debt in accounts receivable from Trafigura, a commodity trader based in Singapore.
2019-9-13 23:10 | |
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Gazprom, a leading oil and gas company run by the Russian government, has announced the completion of a blockchain pilot that would enable the firm to use the nascent technology for recording gas contract details, reports local news source, Vestifinance on April 4, 2019.
2019-4-6 15:00 | |
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IBM and Maersk’s blockchain shipping solution will reportedly be trialed in Russia's second largest port following the Ministry of Transport’s approval
2019-2-27 02:20 | |
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The Central Bank of Brazil has initiated the second phase of its central bank digital currency project, DREX, aiming to demonstrate trade finance as a new use case. In a press release on Nov. 19, Brazil’s central bank announced it…
According to the results of the 2023 BIS survey on central bank digital currencies and crypto, only 12% of central banks are planning to issue retail CBDCs in the mid-term. A recent survey by the Bank for International Settlements (BIS)…
The BOJ hiked the benchmark borrowing cost by 10 basis points, abandoning the prolonged negative interest rate policy.
From legal issues to hackers, launching a CBDC is fraught with risks, and BIS has a big list of them to consider.
NITDA chief Kashifu Inuwa Abdullahi said it’s crucial to take proactive measures to harness AI benefits and mitigate threats.
The answer again is regulation, although this time the suggested regulation looks a lot like central bank co-option.
The answer again is regulation, although this time, the suggested regulation looks a lot like central bank co-option.