Russia is taking the first step towards the launch of its digital ruble, with state-owned banks and customers set to participate in the one-year trial. The Central Bank of Russia said it will assess the project’s functionality and security.
The Bank of Russia has unveiled the official logo of its upcoming digital ruble. It also announced commission fees for users making transactions with the cryptocurrency, expected to be released by the end of 2021.
Russian authorities have arrested a man for allegedly attempting to bribe a government official with Bitcoin. Now, authorities are tracing the coins, with some of them ending up on top cryptocurrency exchanges.