The US just banned its own CBDC until 2030. Russia's version is beating expectations 4-to-1. đ
Russia's digital ruble opened more than 220,000 accounts in its first month â the central bank expected just 60,000. Thirty days in, and adoption is running nearly four times the official forecast, Deputy Governor Zulfiya Kakhrumanova told Reuters.
The bigger story is BRICS. At last month's summit, leaders backed linking member CBDCs for cross-border payments and settling trade in local currencies â payment rails that don't touch the dollar or SWIFT.
For crypto holders, the interesting part: on-chain money is now being proven at national scale. The only difference is control â CBDCs are centralized by design.
Would you ever use a state-issued digital currency? Or does money only work for you without a government behind it?
#CBDC #CryptoNews #Macro
Russia's digital ruble opened more than 220,000 accounts in its first month â the central bank expected just 60,000. Thirty days in, and adoption is running nearly four times the official forecast, Deputy Governor Zulfiya Kakhrumanova told Reuters.
The bigger story is BRICS. At last month's summit, leaders backed linking member CBDCs for cross-border payments and settling trade in local currencies â payment rails that don't touch the dollar or SWIFT.
For crypto holders, the interesting part: on-chain money is now being proven at national scale. The only difference is control â CBDCs are centralized by design.
Would you ever use a state-issued digital currency? Or does money only work for you without a government behind it?
#CBDC #CryptoNews #Macro
