Macro· ★★★· neutral·

Putin Orders Push to Explain Digital Ruble Benefits to Russians

  • —Putin told Siluanov and Nabiullina to explain the difference between the digital ruble and cashless payments
  • —About 200,000 digital ruble wallets were opened in the first three weeks
  • —36 commercial banks have connected to the CBDC platform
  • —The central bank plans to add cross-border settlement and offline digital ruble payments
Why it matters: Broader public education and rising wallet adoption accelerate the digital ruble rollout, strengthening state control over budget spending.
Source: Bits.media
More on this
Macro · 04:10
Venezuela's crypto economy doubles to $39.1 billion, outpacing Latin America's largest markets
 Macro · 03:17
U.S. Treasury Sets $6B Long-Bond Buyback as Yields Test Multi-Year Highs
 Macro · 03:14
White House's Hassett criticizes Fed officials over rate hike calls