Bank of Russia 🇷🇺 to Pilot #cbdc in April.

The digital #ruble , the central bank #digitalcurrency (#cbdc ) of the #Bank of Russia, is prepared for a pilot phase, according to Olga Skorobogatova, deputy governor of the bank, on Friday.

The Russian Parliament has voted on a bill that could pave the way for the adoption of a digital version of the ruble.
#ruble #russia #crypto2023

💥Russia is banning crypto!

#Russia is implementing a #crypto ban to strengthen the #ruble amidst escalating geopolitical tensions and widening sanctions.

The proposed bill will include exceptions for crypto miners and Central Bank-sponsored test projects, forming an experimental legal framework. Because crypto mining plays a crucial role in Russia's tax revenues, generating over $2.59 billion for foreign trade settlements, according to Statista data...

So, we will see how these hypocritical bans affect crypto usage in Russia but one thing for sure... we have to endure bear market for longer than we thought.

BRICS Aims to Become a Growing Power in the Global Economy. 🇷🇺🏦

BRICS, comprised of Brazil, Russia, India, China, and South Africa, aims to assert itself as a major player in the global economy by establishing its own central bank. This move signifies a shift away from reliance on the American dollar in international trade. With the economic dimension of BRICS doubling with the addition of new members, the alliance is gaining momentum and posing a notable challenge to the dominance of the US dollar. Concerns over the US economy's stability, highlighted by figures like Robert Kiyosaki and investment management firm BlackRock, further underscore the growing appeal of alternative investment avenues outside of traditional financial systems.

Source: dunya.com

#BRICS #Russia #usa #dollar #ruble