Auto Added by WPeMatico

Russia Starts Developing Mechanism for International Crypto Payments

Financial authorities in Russia have begun work on a mechanism to facilitate the employment of cryptocurrencies for settlements with other nations amid sanctions. The country’s central bank and finance ministry…

Continue ReadingRussia Starts Developing Mechanism for International Crypto Payments

Russian Prime Minister Orders Finance Ministry, Central Bank to Agree on Crypto by December

The central bank and the finance ministry in Moscow have been asked by the head of the Russian government to agree on a vision for the development of the country’s…

Continue ReadingRussian Prime Minister Orders Finance Ministry, Central Bank to Agree on Crypto by December

Foreigners to Be Given Anonymous Entry Points to Digital Ruble, Russian Official Suggests

Foreign nationals should be able to buy Russia’s upcoming digital ruble through entry points providing anonymity, according to a high-ranking member of the Russian parliament. The idea circulated in Moscow…

Continue ReadingForeigners to Be Given Anonymous Entry Points to Digital Ruble, Russian Official Suggests

Russia’s Tech Giant Rostec to Test Digital Asset Payments in International Trade

Russia’s leading technology company, Rostec, is working on a project to integrate digital assets into cross-border trade. The state-owned corporation says the market is interested in cryptocurrency payments which can…

Continue ReadingRussia’s Tech Giant Rostec to Test Digital Asset Payments in International Trade

Top Russian Lawmaker Joins Calls for Legalizing International Crypto Payments

A high-ranking member of the Russian parliament has urged for the adoption of a relevant legal framework to properly regulate cross-border crypto payments. His proposal comes after key regulators in…

Continue ReadingTop Russian Lawmaker Joins Calls for Legalizing International Crypto Payments

Russia Explores Stablecoins for Settlements With Friendly Nations

Russia is cooperating with friendly countries on the potential employment of stablecoins in international payments, a top government official unveiled. The news comes after key institutions in Moscow agreed that…

Continue ReadingRussia Explores Stablecoins for Settlements With Friendly Nations

Ripple to Participate in the Digital Dollar Project’s CBDC Sandbox Program

The non-profit organization promoting the creation of the digital dollar, the Digital Dollar Project, has announced the launch of a sandbox program to kickstart the probe of the technical implementations…

Continue ReadingRipple to Participate in the Digital Dollar Project’s CBDC Sandbox Program

CBDC Could Be ‘Holy Grail’ of Cross-Border Payments, ECB Says, Sees Bitcoin as Less Credible

Several solutions can potentially improve cross-border payments significantly and central bank digital currency (CBDC) could be the “holy grail,” according to the European Central Bank (ECB). In a new report,…

Continue ReadingCBDC Could Be ‘Holy Grail’ of Cross-Border Payments, ECB Says, Sees Bitcoin as Less Credible

African Fintech Giant Raises $150 Million in Funding Round Led by FTX, Firm Now Valued at Over $2 Billion

Chipper Cash, one of Africa’s biggest fintechs, recently concluded a Series C extension funding round in which it raised $150 million, a report by Techcrunch has revealed. New Investors Participate…

Continue ReadingAfrican Fintech Giant Raises $150 Million in Funding Round Led by FTX, Firm Now Valued at Over $2 Billion