Central Bank of Russia testing its own Digital Currency

Denial11

Denial11

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Central Bank of Russia testing its own Digital Currency

Central Bank of Russia reportedly is testing its own digital currency – a stablecoin backed by assets. Recently, Elvira Nabiullina – the Head of the bank talked about their plan and movement towards digital currency space. She also hinted about testing their own digital currency in a regulatory sandbox. The digital currency is specifically designed for companies that want to issue tokens backed by real assets.

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