Russia-China CBDC Payments May Debut in 2024 – Moscow
A top Russian politician says that Moscow and Beijing could begin using their CBDCs – the digital ruble and digital yuan – to make payments as early as 2024.
Per the news agency Tass, the comments came from Anatoly Aksakov, the head of the State Duma Committee on the Financial Markets.
Aksakov told the agency that “digital national currencies” would aid the “rapidly growing trade turnover of Russian and Chinese companies.” Aksakov said:
“It is true that that [CBDC transactions may take place] as early as next year […] with China. They have their digital yuan, we have our digital ruble.”
Aksakov is the chief architect of Russia’s crypto and CBDC legislation. He is seen as something of a go-between for pro-business government ministries and the Central Bank.
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