Digital Rubles News Today

Russia’s plans to launch a crypto-based “Digital Ruble” are not going to help it avoid Western sanctions in the foreseeable future, experts say, despite Russian officials’ claims that the new currency could deal a fatal blow to the U.S.-led global financial system.

The central bank of Russia has officially started pilot tests of its Digital Ruble, according to an announcement, as the bank confirmed that the first Central Bank Digital Currency (CBDC) transfers among Russian citizens had been successfully concluded.