CBDC Launch ‘May Cost Russian Banks $684m a Year’

Russian commercial banks will lose $684 million a year if the nation’s Central Bank launches a central bank digital currency (CBDC), experts have claimed. The Central Bank vehemently opposes the adoption of what it calls “private cryptocurrencies” such as bitcoin (BTC). But the bank wants to expiate the process of launching a digital ruble – which it wants to use to help de-dollarize the national economy.... Read More: CBDC Launch ‘May Cost Russian Banks $684m a Year’