Cryptocurrency Partnership from Russia and China: Aiming to Use CBDC in Trade

The Russian Central Bank and China are targeting the use of Digital Central Bank Money in their bilateral agreements.

of Reuters September 26 In the report published on digital ruble He said he plans to use it. The digital ruble is currently for interbank transfers continues to be tested for use and early next year expected to be completed.

Chairman of the Finance Committee of the Russian Parliament Anatoly Aksakovthe embargoes imposed recently due to the Ukraine crisis have prevented Russia’s access to international markets. that it limits had confessed. In order to solve the problem consider digital options Aksakov stated on the subject:

The topic of digital financial assets, digital rubles and cryptocurrencies is currently concentrated in society. The sanctions of Western countries create problems for bank transfers.

used the phrases.

Having already tested the digital yuan of their target after the completion of the tests of the digital ruble for mutual agreements with China Aksakov added that it would be to launch the will actually end stated.

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