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The project will run until the end of this year, with a final report expected in Q1 2023

Deputies consider the company's reputation to be questionable

Further expansion of the technology is planned only after the successful completion of the first stage of testing

In this, Jerome Powell stressed that the asset must ensure the privacy of transactions

The official said that the country is actively working on alternative methods of payment and trade settlements

The Bank of Russia has also added digital financial assets to the accounting system

The official added that laws allowing the platforms to begin work could be passed as early as November

The main aim of the authorities is “to turn banknotes into a programmable entity”

According to the agency’s employees, such services allow Russia, Iran, and the DPRK to circumvent the restrictions imposed

Department employee Ivan Chebeskov also spoke about the details of the draft law on cross-border crypto payments

First Deputy Governor of the Bank of Russia believes that the country’s economy should develop through the digital ruble

Circle, Kraken, and other Blockchain Association representatives will support crypto-friendly candidates