Digital ruble goes live for millions through 12 Russian banks
The unusual split is what other major-economy CBDCs will now be measured against: banks and big retailers must build access in Russia, but citizens stay free to ignore it.
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The unusual split is what other major-economy CBDCs will now be measured against: banks and big retailers must build access in Russia, but citizens stay free to ignore it.
Friday's August payrolls print lands after July's -23K shock and 103K of combined revisions, while Russia's first large-scale CBDC phase kicks off the same morning the ruble stablecoin consultation…
Systemically important banks and large retailers are wired up; the BoR is now also exploring stablecoins as a complement to the digital ruble for cross-border settlement.
The announcement marks the transition from a limited pilot with a handful of banks to a broader consumer rollout, though legal work and bank integration still need to clear before mass adoption.
The bloc's biggest sanctions move in years stops chasing exchanges and starts targeting the service stack above them — service providers, decentralized platforms, RUBx, and the digital rouble all in…