Search results for digital ruble
Crypto
Russia\'s Sberbank seeks to expand crypto-backed loans with ETH and USDT, cool to digital ruble
Russia\'s largest bank Sberbank plans to expand crypto-backed lending by recognising ether and Tether\'s USDT as collateral after previously accepting bitcoin. The bank will adjust products to match a new Russian crypto law due to take effect on Sept. 1, with actual expansion contingent on central bank approval of public trading. Sberbank executives also signalled a cautious stance toward the digital ruble, citing limited interest beyond the central bank.
Crypto
Russia nears crypto legalisation, but 69 percent say they have nowhere to use it
As Russia prepares to legalise cryptocurrency, many respondents still see little practical value in using it, a survey showed. About 69 percent said there would be no clear place to use crypto even if it becomes legal next month. The poll of about 2,000 internet users came as Russia moves to implement a broad regulatory framework. Limits on eligible coins and annual investment caps may curb demand.
Crypto
Russia central bank governor says digital ruble to be unveiled Sept 1
Russia\'s central bank has reaffirmed plans to introduce its central bank digital currency, the digital ruble, on Sept. 1. Governor Elvira Nabiullina said preparations have been completed and the rollout will follow the previously announced schedule. She said all preparations were in place and the digital ruble would complement the existing ruble, with financial and credit institutions handling it first. Legal changes are also due to take effect on the same date.