Ruble or Rubble? Russian Institutions Have Concerns About Proposed CBDC

Russian banks and financial brokers are worried the digital ruble will be a burden for them.

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Bank of Russia Fields Banking Industry Concerns Over Digital Ruble Proposal

Russian banks fear being left out of the central bank's proposed digital currency system, according to a report.

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Bitcoin’s Inferred Value Surpasses That of the Russian Ruble

According to data compiled by podcast Crypto Voices, bitcoin’s inferred value is now higher than the entire currency of the Russian ruble. Assetdash. com also says that Bitcoin is the No. 21 largest asset by market cap in the world.

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Digital Ruble Could Be a Reality in a Few Short Years, Says Russia

Russia’s government says that a Russian ruble will come about in three to seven years. It believes that a central bank-backed digital currency (CBDC) could help make payments transparent, thus fighting corruption and poverty.

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Digital ruble, the future of Russian money circulation: Russian govt official

An official from the Russian Central Bank’s National Banking Council, Anatoly Aksakov said that Russia’s CBDC, the digital ruble, would be the “future” of all money circulation in the country,The post Digital ruble, the future of Russian money circulation: Russian govt official appeared first on AMBCrypto.

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Russia May Start Testing Digital Ruble as Early as Next Year: Government Official

Russian government deputy Anatoly Aksakov believes that Russia cannot do without a digital ruble in the future and that trials may start next year

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Bank of Russia Is Studying Pros & Cons of a Digital Ruble; May Start Developing CBDC In 2021

According to Izvestia, a Russian finance news site, the Ministry of Finance and Bank of Russia investigate other nations’ efforts in releasing a central bank digital currency (CBDC). The post, published on Monday, highlights some of Russia's advantages of launching its own digital ruble, including reducing the cost of transactions, more opportunities for cross-border payments, […] The post Bank of Russia Is Studying Pros & Cons of a Digital Ruble; May Start Developing CBDC In 2021 first appeared on BitcoinExchangeGuide.

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Russian Regulators Hammer Bitcoin Holders Amid Ruble’s Descent

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Report: five Russian banks are ready to join digital ruble pilot

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.

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Russian Central Bank launches public consultations on digital ruble

The Russian central bank started a series of public consultations to explore the prospects for digital ruble. The discussion with commercial banks and financial organizations will run until December 31, 2020.

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Bank of Russia Considers Issuing Digital Ruble, Starts Public Consultations

The Russian central bank said it's starting public consultations on the possibilities of issuing a CBDC.

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Largest Russian commercial bank thinks about issuing digital ruble in 2021

Sberbank may issue a digital token pegged to the Russian ruble for settlements on transactions with digital financial assets. The decision will be made closer to 2021, when the cryptocurrency legislation will come into force in Russia.

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KuCoin Supports Buying Crypto with RUB through Partnership with PayMIR

SEYCHELLES, On June 17, 2020, KuCoin, an IDG-backed crypto exchange, announced a new partnership with PayMIR, a well-known fiat on-ramp service provider in Russia. The partnership will enable new and existing KuCoin users worldwide to purchase crypto with Russian Ruble (RUB) using their credit and debit cards.

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KuCoin Partners with PayMIR, Makes Crypto Purchase with RUB Possible

KuCoin, the IDG-backed crypto exchange now enables its users from across the world to purchase cryptocurrency with Russian Ruble (RUB) using credit or debit cards. The new feature is made possible by the platform’s recent partnership with PayMIR, a well known Russian fiat on-ramp service provider.

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KuCoin Supports Buying Crypto with RUB through Partnership with PayMIR

SEYCHELLES, On June 17, 2020, KuCoin, an IDG-backed crypto exchange, announced a new partnership with PayMIR, a well-known fiat on-ramp service provider in Russia. The partnership will enable new and existing KuCoin users worldwide to purchase crypto with Russian Ruble (RUB) using their credit and debit cards.

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Russia tops country rating by transaction volume on LocalBitcoins

As the financial crisis deepens, and the Russian ruble fell, the demand for bitcoin jumped sharply in Russia. It became a leader in terms of transactions volume at LocalBitcoins.

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Blockchain.com to Support Russian Ruble Despite Local Crypto Uncertainty

Blockchain.com follows Binance in listing the Russian ruble, while local government considers strict regulations for the industry.

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Another Demand Source for BTC In a World of Central Banks’ “Whatever it Takes” Stance

Bitcoin is up about 21% against USD YTD but a whopping 74% against Brazilian Real, 60% in South African Rand, 52% in Mexican Peso, 45% against Turkish Lira, and more than 44% in both Russian Ruble and Colombian Peso.

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Биткоин-биржа KuCoin добавила поддержку российского рубля

Криптовалютная биржа KuCoin в сотрудничестве с израильским биткоин-стартапом Simplex добавила поддержку российского рубля. #KUCOIN Adds Support for Russian Ruble (RUB) KUCOIN’s customers are now allowed to buy #Crypto with Russian Ruble (RUB) on the simplex platform.

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Binance Adds Russian Ruble Support on Peer-to-Peer Platform

Binance has added the Russian ruble to its peer-to-peer exchange platform

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Binance Launches Crypto Cross Collateral, Tezos (XTZ) Futures, And Russian Ruble Instant Buy

One of the leading crypto exchanges in trading volume, Binance is now allowing users to put crypto as cross collateral when funding futures trading. Besides, it has made Tezos (XTZ) futures trading available and added support for instant crypto purchases with the Russian Ruble.

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Binance Adds Support for Instant Crypto Purchases With Russian Ruble

Binance has enabled instant card purchases of four major digital currencies with the Russian ruble

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Binance Now Lets You Buy Cryptocurrencies with the Russian Ruble

Binance has officially added support for the Russian ruble. One can now use its Visa cards to purchase Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and Ripple’s XRP with the Russian ruble.

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Binance добавила поддержку рубля для владельцев карт Visa

Криптобиржа Binance открыла пользователям возможность приобретать криптовалюту с привязанной к аккаунту карты Visa за российские рубли. #Binance Adds Russian Ruble $RUB Instant Buyhttps://t. co/ldo2pUcZwb pic.

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Binance Crypto Exchange Adds Four Trading Pairs for Russian Ruble

Cryptocurrency exchange Binance launches four trading pairs against the Russian ruble including Bitcoin, Ether, XRP and Binance Coin

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Биржа Binance добавила торговые пары с российским рублем

Криптовалютная биржа Binance сообщила о добавлении новых торговых пар в привязке к российскому рублю. #Binance Adds Trading Pairs for Russian Ruble $RUBhttps://t.co/BiiiGehmrT pic.twitter.com/PhT9aRCnbX — Binance (@binance) December 2, 2019 Согласно сообщению, начиная с 13:00 UTC понедельника, 2 декабря, пользователи биржи смогут осуществлять обмен в парах BNB/RUB, BTC/RUB, ETH/RUB и XRP/RUB. Новые торговые пары будут доступны […]

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Binance adds Russian Ruble [RUB] to its USD trading market

Binance has been making a lot of headlines lately with its latest round of acquisitions and partnerships. The top cryptocurrency exchange by market cap is in the news again after it took this opportunThe post Binance adds Russian Ruble [RUB] to its USD trading market appeared first on AMBCrypto.

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Russian Central Bank Comes out Against Bitcoin, Would Support a Ban

On November 29th, the Central Bank of Russia came out against Bitcoin, claiming that their local ruble should be the nation’s only legal tender. While nothing has been set in stone as of yet, the Central Bank is open to banning the ability to buy goods and services with Bitcoin due to the risky nature […] The post Russian Central Bank Comes out Against Bitcoin, Would Support a Ban appeared first on BeInCrypto.

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Huobi Russia Announces Ruble Gateway and Token Launchpad Service

Huobi Russia now accepts ruble deposits and will soon have its own exchange token listing service for the Russian market.

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Binance enables fiat gateways for Euro, Kazakhstani Tenge

Binance's recent partnership with Advcash has now enabled the crypto-exchange to offer deposits and withdrawals for Euro, Russian Ruble, Ukrainian Hryvnia and Kazakhstani Tenge. In its latest press reThe post Binance enables fiat gateways for Euro, Kazakhstani Tenge appeared first on AMBCrypto.

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Binance Adds Euro to Fiat On-Ramp Frenzy

Cryptocurrency exchange Binance has added native platform support for the Euro through AdvCash deposits. Changpeng Zhao, the founder and CEO of Binance, indicated that many fiat currencies will be added to the platform whilst announcing support for the Russian Ruble last week, November 8, 2019.

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Binance Ruble Deposit Launched

Binance, top-tier centralized exchange, launches Russian Ruble fiat gateway. Through AdvCash payment provider, the Chinese giant offers direct deposits and withdrawals.

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Binance Quietly Launches Ruble Trading for ‘Top-10 Market’ Russia

Binance has silently launched Russian ruble trading on Oct. 30, Binance CEO announced, noting that Russia is among the top 10 markets for the online trading platform

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Binance Opens Russian Ruble Deposits and Withdrawals through AdvCash

Coinspeaker Binance Opens Russian Ruble Deposits and Withdrawals through AdvCashBinance has announced that they have opened RUB (Russian Ruble) deposit and withdraw features. This will be powered by AdvCash.

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Binance Prepares for Russian Ruble Fiat On-Ramp

Binance is constantly expanding its services, to offset the shifting climate of crypto markets.

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Binance to Introduce First Fiat-Crypto Trading Pair with Russian Ruble

Coinspeaker Binance to Introduce First Fiat-Crypto Trading Pair with Russian RubleBinance CEO Changpeng “CZ” Zhao announced that they are preparing for launching fiat options, including the Russian ruble.

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Binance Announces Ruble Trading at Russian Gov't-Sponsored Event

Binance CEO announced that users will be able to buy crypto on the exchange directly using the Russian ruble

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Binance Announces Support for Russian Ruble, Plans to Support More Currencies

Crypto exchange kingpin and CEO of Binance, Chanpeng Zhao, confirmed that Binance will support a fiat-to-crypto on-ramp for the Russian Ruble within two weeks. This announcement came from Zhao’s presentation at the Open Innovation Conference in Moscow, Russia.

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Binance CEO: Russian Ruble to Be First Fiat-Crypto Trading Option

Cryptocurrency exchange Binance.com is soon to launch its first fiat-to-cryptocurrency trading pairs, kicking off with the Russian ruble.

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Russia: Crypto Won’t Receive Money Status Anytime Soon

Russia won’t officially legalize digital currencies in the near future, according to the conclusions of the participants of a “round table” dedicated to crypto regulation. Issuance of Anything Besides Ruble is Still Illegal On Thursday, July 25, a panel of Russian officials and experts discussed the regulation of cryptocurrency.

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LocalBitcoins see steady trading volume in Russian Ruble following cash-trades exodus

LocalBitcoins, the Finland-based peer to peer cryptocurrency exchange, announced earlier this month that trading in a country’s national fiat currency will be disallowed, leading many in the community to believe that countries not on the frontlines of the digital asset world would be hit the hardest.

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Bitcoin is the 11th largest monetary system in the world, ahead of Korean won

Bitcoin’s current market capitalization would make it the 9th largest monetary system in the world, ahead of the Korean won and behind the Russian ruble. Bitcoin continues to grow The monetary base is defined by the US Federal Reserve as: “The sum of currency in circulation and reserve balances—deposits held by banks and other depository […] The post Bitcoin is the 11th largest monetary system in the world, ahead of Korean won appeared first on CryptoSlate.

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Bitcoin Is now the 8th Largest Currency in the World

Bitcoin has overtaken the Russian Ruble and the Korean Won to become the eighth largest currency in the world by monetary base.   Bitcoin Exceeds Korea’s Monetary Base According to a chart released June 18, 2019, from Crypto Voices, bitcoin is now the eighth largest currency in the world by monetary base surpassing Korea Won (data recordedRead MoreRead More.

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Russia Central Bank Mulls Gold Standard for National Cryptocurrency

Russia’s Central Bank could be considering a gold-pegged cryptocurrency, according to a report by Russian news agency, RIA on May 23, 2019. However, the apex bank states that virtual currency would not act as a substitute for the Russian Ruble.

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Venezuela and Russia in Talks to Use State-Backed Petro Cryptocurrency for Bilateral Trade

Venezuela, a South American country embroiled in a bitter political impasse, is negotiating with Russia over abandoning the USD in their bilateral trade settlements. The two countries are in talks over the use of the Russian ruble, according to Jorge Valero, Venezuela’s representative in UN’s Geneva offices.

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Russia and Venezuela are Evaluating to Ditch American Dollars and Adopt the Petro and the Ruble Instead

Venezuela and Russia are in talks to abandon the use of U. S. dollars in their transactions and replace this currency with rubles and Petros. According to an article published by the Russian news portal RT,.

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Venezuela and Russia May Switch to Ruble After Trying ‘Petro’ Cryptocurrency

Venezuela and Russia are in talks to switch over to the ruble for trade after trying the ‘El Petro’ cryptocurrency, a UN ambassador has revealed.    Venezuela and Russia ‘Currently Trying’ El Petro As Bitcoinist reported last December, Russian officials were introduced to El Petro but stopped short of confirming that it was going to be used.

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Venezuela and Russia Discuss Mutual Trades in Petro and Russian Ruble: Report

Venezuela and Russia discuss opportunities to make mutual trade settlements in the Russian ruble, find uses for the oil-backed Petro cryptocurrency

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OKEx Expands Fiat Trading Pairs for European Markets

OKEx, one of the leading Asian exchanges, will offer Euro trading pairs, as well as expand to Russian Ruble and Turkish Lira fiat-to-crypto markets.

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