Tag: Bank of Russia

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Bank of Russia Permits Sberbank to Issue Digital Financial Assets

March 19, 2022

Sberbank is Russia’s largest bank that has been authorized by the nation’s monetary policy controller to issue digital financial assets. The move arrives amid tightening Western sanctions over the war in Ukraine, comprising limiting Moscow’s access to the worldwide economic market. Sberbank Added to Central Bank’s Register The Central Bank of Russia or CBR has […]

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USDT records an all-time high against the Russian ruble as inflation blows

February 28, 2022

  U.S. dollar-pegged stablecoin Tether (USDT) noticed a rise of above 30% in the last five days against the Russian ruble, bringing out the adverse and sudden effect of the continuous war on the formal monetary system. As per the data, the ruble, RUB, is facing inflation as the USDT or RUB trading pair for […]