Moscow Bank issues ‘First-of-A-Kind’ Blockchain-Based Promissory Note

Moscow Bank issues 'First-of-A-Kind' Blockchain-Based Promissory Note

The Moscow Credit Bank in Russia is responsible for the most recent noteworthy event: issuing a blockchain-based promissory note denominated in Chinese yuan. According to the current exchange rate, this service is the first of its kind to be offered anywhere in the country and comes with a bank guarantee of more than 100 million … Read more

Russia Intends to launch the Digital Ruble by 2022

Russia Intends to launch the Digital Ruble by 2022

A rollout of an official digital version of the ruble is scheduled to take place over the next few years, and the Bank of Russia is continuing its efforts toward the coming implementation of the central bank digital currency (CBDC). The most recent update to the Bank of Russia’s monetary policy indicates that the regulatory … Read more