Gazprom is one of 15 Russian financial institutions participating in the digital rouble central bank digital currency (CBDC) test, which indicated that the launch of the digital rouble should be carried out gradually. The bank feels that it will take a long time for the financial system to adapt to the transformation after the introduction of digital currency by Russia's central bank.
Russian banks are likely to damage $3.5 billion (250 billion rubles) within five years after the introduction of digital rubles, according to a study by Yakov and Partners, a leading consulting and management firm.
Gazprobank, a subsidiary of the state-owned natural gas energy group Gazprom, affirmed that the loss to the banks caused by the introduction of digital rubles should be minimized. Although the bank recognizes the need to introduce digital rubles, it proposes to introduce digital rubles gradually.
It is clear that banks have no choice but to find ways to minimize damage. It is therefore essential to take full account of these risks and move gradually towards the launch of the digital rouble to allow sufficient time for the financial system to integrate.
The main reason is that lower recovery commissions are more likely to generate higher profits for retailers rather than lower prices for non-end users. However, Gazprom stressed that the launch of the digital rouble will improve the clarity of all Russian financial investment. This will have a positive impact on the country's financial system and overall economic development.
The new CBDC project has been completed for two years and plans to start running digital rubles this year. In addition, 15 Russian financial institutions, including Gazprom, have conducted preliminary tests.
The central bank and the Ministry of Finance prepared to use encrypted assets in cross-border payments last year. The main purpose is to apply the trade between Russia and other countries. After Russia invaded Ukraine in mid-late February 2022, the host country faced financial and economic sanctions.
Please also refer toSilent Bitcoin wallet wakes up after 11 years and makes a profit of 200%
Polkadot was launched in May 2020. In a market dominated by Bitcoin and Ethereum, it quickly established itself as the next generation blockchain. The scale and interoperability problems limit Bitcoin's ability to transfer value without the assistance of
For some newcomers to the currency circle, they are not familiar with the investment in the currency circle, and their understanding of the special currency is not very deep. Therefore, they may be at a loss in the choice of investment methods. Many inves
Lummis is a well-known crypto advocate on Capitol Hill with over $100,000 in crypto.
Several analysts argue that shrimp accumulation is good for the Bitcoin network because it makes the asset more decentralized over time.
ARK Invest filed for a spot Bitcoin ETF in collaboration with 21Shares long before BlackRock did, and its application is reportedly first in line for the SEC’s approval.
Interestingly, the price surge was on the back of increased activity from whales, as indicated by on-chain data. The increased activity led to an increased"/>
Recent market dynamics have seen Solana struggling to break above the $200 mark. A notable bearish factor among these market fundamentals is the recent"/>
DOGE, the internet's favorite memecoin, is back in the spotlight. Recent data reveals a surge in futures market activity, coupled with bullish technical"/>
The recent stratospheric rise of Bitcoin, reaching a new all-time high of $73,000, has sent ripples of excitement and trepidation through the crypto world."/>
Co-founder of Tornado Cash Roman Storm has filed a motion to dismiss the charges levied against him by the US Department of Justice (DOJ)."/>
On Thursday, March 28, a hack occurred on Prisma Finance, a decentralized lending protocol on the Ethereum network. The exploiter carted away about 3,257.7"/>
Once fully licensed in Dubai, Bybit plans to run a full-scope exchange, offering crypto lending, payments, investment and other services.
Tue, 18 Apr 2023