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đ·đșđ° **Russia's Central Bank Aims for Digital Ruble by July 2025!** đđ»
The Bank of Russia is working to have its biggest banks ready to use a digital ruble for shopping and business by July next year. đŠđ These banks will allow customers to open and add money to digital ruble accounts, send money, and accept digital rubles in their systems. đ§đł The goal is to make this digital currency available for everyone, so people and businesses can use it just like cash or regular bank money. đČđ”
The digital ruble is a new type of currency issued by the central bank, known as a central-bank digital currency (CBDC). đđĄ Many countries are looking into CBDCs, with places like the Bahamas and Nigeria already launching their own. đŽđłđŹ Russia has been testing its digital ruble with 12 banks, and recently expanded its trials to include 9,000 people! đ§âđ€âđ§đ
Get ready for a new way to pay! đâš
#RussiaCrypto #Russia #Russian #Ruble #india_crypto
$BTC
The Bank of Russia is working to have its biggest banks ready to use a digital ruble for shopping and business by July next year. đŠđ These banks will allow customers to open and add money to digital ruble accounts, send money, and accept digital rubles in their systems. đ§đł The goal is to make this digital currency available for everyone, so people and businesses can use it just like cash or regular bank money. đČđ”
The digital ruble is a new type of currency issued by the central bank, known as a central-bank digital currency (CBDC). đđĄ Many countries are looking into CBDCs, with places like the Bahamas and Nigeria already launching their own. đŽđłđŹ Russia has been testing its digital ruble with 12 banks, and recently expanded its trials to include 9,000 people! đ§âđ€âđ§đ
Get ready for a new way to pay! đâš
#RussiaCrypto #Russia #Russian #Ruble #india_crypto
$BTC
- **Volatility of Fiat #Currencies in Distressed Nations**: Despite the volatility of fiat currencies in distressed nations like Russia and Argentina, perceived safe-haven assets like bitcoin and gold are struggling to gain traction.
- **Depreciation of Russian #Ruble and Argentinian Peso**: The Russian ruble and Argentinian peso have experienced significant depreciation, indicating potential weaknesses in global financial markets. The Russian ruble reached its lowest value since March 2022, while the Argentinian peso has fallen by 98% this year.
- **Bitcoin's Stagnation**: Bitcoin, often considered digital #gold due to its limited supply, has remained stagnant above $29,000, extending its multi-week period of little movement.
- **Gold's Decline**: Gold, a traditional #safe-haven asset, reached a seven-week low of $1,896 per ounce, suggesting a lack of significant demand.
- **Impact of Rising U.S. Government Bond Yields**: The increasing yields on nominal and inflation-adjusted U.S. government bonds, along with the rise in the dollar index, may be hindering the rally of both bitcoin and gold.
- **Reduced Appeal of Safe-Haven Assets**: The rise in the real yield on the U.S. 10-year note to 1.83%, the highest since 2009, is making zero-yielding #assets like gold and bitcoin less attractive as investments.
- **Potential Broader Market Implications**: The continuation of rising yields could potentially reveal further weaknesses in broader financial markets, according to Derek Halpenny, the head of research for global markets EMEA and international securities.
$BTC $ETH $BNB
- **Depreciation of Russian #Ruble and Argentinian Peso**: The Russian ruble and Argentinian peso have experienced significant depreciation, indicating potential weaknesses in global financial markets. The Russian ruble reached its lowest value since March 2022, while the Argentinian peso has fallen by 98% this year.
- **Bitcoin's Stagnation**: Bitcoin, often considered digital #gold due to its limited supply, has remained stagnant above $29,000, extending its multi-week period of little movement.
- **Gold's Decline**: Gold, a traditional #safe-haven asset, reached a seven-week low of $1,896 per ounce, suggesting a lack of significant demand.
- **Impact of Rising U.S. Government Bond Yields**: The increasing yields on nominal and inflation-adjusted U.S. government bonds, along with the rise in the dollar index, may be hindering the rally of both bitcoin and gold.
- **Reduced Appeal of Safe-Haven Assets**: The rise in the real yield on the U.S. 10-year note to 1.83%, the highest since 2009, is making zero-yielding #assets like gold and bitcoin less attractive as investments.
- **Potential Broader Market Implications**: The continuation of rising yields could potentially reveal further weaknesses in broader financial markets, according to Derek Halpenny, the head of research for global markets EMEA and international securities.
$BTC $ETH $BNB
đš BREAKING đš
RUSSIA PLANS FOR TOTAL BITCOIN BAN AMID GEOPOLITICAL TENSIONS RISE.
THEY WILL ONLY ALLOW DIGITAL RUBLES NOW.
THE NEED FOR A BAN IS BECAUSE BITCOINÂ IS A CURRENCY THAT REPLACES THE RUBLE
AND THEN "THEY'LL FIGHT YOU" PHASE HAS STARTED
#Ban #Ruble #DigitalCoin #News $BTC
RUSSIA PLANS FOR TOTAL BITCOIN BAN AMID GEOPOLITICAL TENSIONS RISE.
THEY WILL ONLY ALLOW DIGITAL RUBLES NOW.
THE NEED FOR A BAN IS BECAUSE BITCOINÂ IS A CURRENCY THAT REPLACES THE RUBLE
AND THEN "THEY'LL FIGHT YOU" PHASE HAS STARTED
#Ban #Ruble #DigitalCoin #News $BTC
