Category: Settlements

Bank of Russia to Pilot Digital Ruble Settlements in 2023

Ryssland’s monetary authority intends to conduct the first settlements with the digital ruble next year, its governor announced this week. Speaking to Russian lawmakers, the official highlighted the important role the new currency is going to play for Russia under sanctions.......

Russian Chamber of Commerce Suggests Using Cryptocurrencies in Settlements With Africa

Employing crypto in cross-border payments is one of the proposals put forward by the Russian Chamber Of Commerce lobbying for more cooperation with African countries. Amid unprecedented sanctions limiting Russias ability to trade internationally, the head of the board has urged......

Frankrikes centralbanker, Schweiz och BIS slutför CBDC-prov över gränserna

Bank of France, the Swiss National Bank (SNB), and the Bank for International Settlements have successfully tested the application of wholesale central bank digital currency in cross-border payments. The project used distributed ledger technology and was realized with help from private......

Ryssland överväger att delvis ersätta dollarreserver med digitala tillgångar i framtiden

Amid ongoing sanctions, the government of Russia has been working to limit the countrys dependence on the U.S. dollar. The Ministry of Foreign Affairs now says its possible to partially replace the greenback in currency reserves and trade settlements with other......