By CryptoNews - 7 months ago - Reading Time: 1 minutes
Russia Could Use Digital Ruble to Evade SWIFT, Wants Foreign Banks to Use its CBDC
Russia’s Central Bank thinks its digital ruble could let citizens pay abroad without making use of the SWIFT banking platform – and wants to let foreign banks use its CBDC.Per the Russian IT-focused media outlet CNews, the Central Bank has drafted a bill that, if passed, would allow foreign banks and credit institutions to make use of digital ruble wallets.
If lawmakers vote in favor of the bill, it will come into force on January 1, 2024....
Read More: Russia Could Use Digital Ruble to Evade SWIFT, Wants Foreign Banks to Use its CBDC
Original source: CryptoNews