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While the Kremlin hopes the new cryptocurrency will revive Russia’s flagging economy and help evade sanctions, experts are warning it will be “the ultimate social control tool.”

Russia began testing its new digital ruble with consumers on Tuesday, in the hope blockchain technology will help it evade sanctions and tighten control over its citizens.He said the move will allow Russia to avoid banks where it faces restrictions, and that the blockchain is "much less easy to sanction and attack".

Russia began testing its new digital rouble with consumers on Tuesday, in the hope blockchain technology will help it evade sanctions and tighten control over its citizens.

AFP | Moscow         The Daily...

MOSCOW: Russia began testing its new digital ruble with consumers on Tuesday in the hope blockchain technology will help it evade sanctions and tighten control over its citizens.

The Russian ruble is at its lowest level against the US dollar since March 2022.

The testing phase comes as the ruble lingers at its lowest level against the dollar since March 2022, weeks after Moscow launched its full-scale offensive in Ukraine.

Russia began testing its new digital ruble with consumers on Tuesday, in the hope blockchain technology will help it evade sanctions and tighten control over its citizens.

Russia began testing its new digital ruble with consumers on Tuesday, in the hope blockchain technology will help it evade sanctions and tighten control over its citizens.

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