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Digital Ruble Could Be Tool Against Sanctions, Bank of Russia Says

Digital Ruble Could Be Tool Against Sanctions, Bank of Russia Says

The Bank of Russia (BoR) has said a role in side-stepping economic sanctions would be one reason to launch a ruble-backed central bank digital currency (CBDC). Talking to Moscow-based newspaper Izvestia, the institution’s press office said a digital ruble could help diminish the dependence of the Russian economy on the U.S.








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