Digital Rubble Prototype to be Introduced in Early 2022

In line with the development of its Central Bank Digital Currency (CBDC) dubbed the Digital Rubble, the Central Bank of Russia is set to launch a prototype platform for the new form of money in early 2022. (Read More)

View Details

Digital Ruble Law Likely to Be Passed in June According to Russian Official

The digital ruble law project, which was already discussed and approved in its first reading, could be passed in June, according to Anatoly Aksakov, chairman of the Duma’s Financial Markets Committee. The Bank of Russia is currently waiting for the enactment of this ruleset to conduct a live test of the CBDC’s (central bank digital

The post Digital Ruble Law Likely to Be Passed in June According to Russian Official appeared first on BTC Ethereum Crypto Currency Blog.

View Details

Russian Parliament Votes on Bill Opening Door for Digital Ruble

Russian lawmakers have approved a draft law facilitating the implementation of the digital version of the national currency, the ruble. The legislation amends various other acts to introduce definitions and establish procedures related to the launch of the central bank digital currency. Russian State Duma Passes Digital Ruble Draft Law on First Reading The lower [...]

The post Russian Parliament Votes on Bill Opening Door for Digital Ruble appeared first on Crypto Breaking News.

View Details

Russian State Duma Passes Digital Ruble Law

The State Duma, the lower house of the Russian Federal Assembly, discussed and passed the Digital Ruble law in its second and third discussion on July 11. The law will allow the Central Bank of Russia, as the sole regulator of the proposed digital currency, to organize a pilot test slated for August. State Duma [...]

The post Russian State Duma Passes Digital Ruble Law appeared first on Crypto Breaking News.

View Details

Saudi Arabia Strengthens Bond With China by Joining SCO Bloc as Dialogue Partner

China’s relationship with Saudi Arabia is growing as the country’s Cabinet has agreed to join the Shanghai Cooperation Organization (SCO). The diplomatic move made by the kingdom began with a memorandum of understanding in September, and at the end of March, Saudi Arabia’s Cabinet approved the decision to become a dialogue partner. The Cabinet’s decision [...]

The post Saudi Arabia Strengthens Bond With China by Joining SCO Bloc as Dialogue Partner appeared first on Crypto Breaking News.

View Details

Largest Russian Bank Sberbank Opens Developer Access to in-House Defi Platform

Sberbank, the largest bank in the Russian Federation, announced that it opened access to its in-house decentralized finance (defi) platform to allow developers to test its capabilities. Reports indicate that Sberbank’s Comunity, the Ethereum-based blockchain decentralized finance solution, will leave the open testing phase later this year. Sberbank Opens Defi Platform for Testing Sberbank, one [...]

The post Largest Russian Bank Sberbank Opens Developer Access to in-House Defi Platform appeared first on Crypto Breaking News.

View Details

Saudi Arabia and OPEC Reveal Surprise Oil Production Cut; White House Insists Cuts Aren’t Advisable Right Now

On Sunday, Saudi Arabia and several major oil producers announced their plan to cut oil production by 1.15 million barrels per day, starting in May and continuing until the end of 2023. According to the Saudi Energy Ministry, the move was coordinated with some members of the Organization of the Petroleum Exporting Countries (OPEC) and [...]

The post Saudi Arabia and OPEC Reveal Surprise Oil Production Cut; White House Insists Cuts Aren’t Advisable Right Now appeared first on Crypto Breaking News.

View Details