Olga Skorobogatova News

The Bank of Russia reports on the first digital ruble tests as planned but continues to fight against Bitcoin adoption.

Twelve Russian banks including Sberbank, VTB and Tinkoff Bank will help the Bank of Russia test the digital ruble in January 2022.

New reports suggest a “Russian Bitcoin” developed by banking partners will be the country’s only freely exchangeable cryptocurrency.

Bank of Russia has introduced Masterchain, an Ethereum-based Blockchain prototype. As stated in the official report, the Masterchain platform was created to serve interests of the financial market actors and is being tested.