RUSSIA’S CENTRAL BANK
Russia’S Central Bank
Russia Begins CBDC Settlement Mechanism While Sanctions Continue
A central bank digital currency will be used to establish a cross-border settlement mechanism by Russia's central bank (CBDC). The plans are anticipated in 2023's first quarter. By2024, the Bank of Russia planned to launch its digital currency.
Russia’S Central Bank
Russian Central Bank Bars Mutual Funds from Investing in Cryptocurrencies
Under the new ban, Russia’s mutual fund companies must not invest in crypto assets.