Authorities in Moscow hope other nations will be willing to adopt the Russian digital currency in trade, which will allow the country to circumvent sanctions imposed over the Ukraine war.The Central Bank of Russia is gearing up to launch settlements with the digital ruble, the new incarnation of the Russian fiat currency that’s now being tested, as early as 2023.
The high-ranking lawmaker elaborated that the digital direction is key because financial flows can circumvent systems controlled by unfriendly nations. He added the next step for the central bank digital currency issued by the Bank of Russia would be to introduce it in mutual settlements with China. Also quoted by Reuters, Aksakov emphasized:
If our folks ever come up with their cbdc, there's no scenario I'll use it over usdt
I think the world will make everything to stop Russia from using crypto...
This is going to be interesting to see the skullduggery by various entities to counter this.
What is the Bridge asset being used? There HAS to be a bridge asset to facilitate and settle each CBDC transaction.
Moscow and Beijing? I'm pretty sure US will intervene again 🧐
This is not a good idea
Are there plans for use cases beyond inter govt tho
Will this be the excuse to ban all US crypto that threatens weaponization of USD?
🧐🧐🧐
Wow! For the last 20 years I’ve been waiting for a change in the structure of the global system. Bemoaned the glacial pace up until about five years ago. Now, I’m starting to white knuckle the pommel.
Perfect opportunity for the US to gain the trust back of emerging markets with a decentralized, incorruptible, politically neutral variation to a China-Russia CBDC. bitcoin
They're going to compete with US CBDC as well no matter what
Digital rubbish
Smartest move in crypto is buy as much DBA as possible and stake
Russia is losing all its friends so China also will prefer to stay friends with the US than the risk it.
seat
seat
seat
good morning
I think USDT would be better but..nobody cares about it.
Oh no
they are way ahead of US
🚀Thankss a millon
Lol, I only listen to ChiefraFba for signals and analysis