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2024-04-30

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Source: Vladimir/AdobeMore Russian banks will join the digital ruble pilot, with Center-invest Bank, which mainly operates in the nation’s south, set to trial the CBDC next year.Per Rostov Gazeta, Center-invest Bank has “signed a digital ruble [partnership] agreement with the [CBDC’s] operator, the Central Bank.”The move will see the Rostov-on-Don-based bank join a “second group of banks” that will let clients use the coin in real-world scenarios.Rostov-on-Don, Russia. (Source: Alexxx1979 [CC BY-SA 4.0])This group, the media outlet wrote, is now “preparing systems and protocols” to “test operations with the digital ruble.”A “first batch” of Russian banks, including heavyweights like VTB, began piloting the coin with 600 of their clients and employees in 11 cities nationwide in August.Since then, the Moscow Metro has begun accepting digital ruble payments.The “first batch” of 13 banks also includes the likes of Rosbank.But – crucially – the Cental Bank was dealt a blow when Sberbank pulled out just prior to the CBDC pilot launch.Sberbank is arguably Russia’s biggest bank, and its parent company is one of the nation’s most powerful and lucrative firms.There are currently no indications that Sberbank will request to join the second group of banks, with the financial institution remaining tight-lipped about its CBDC intentions.Russian Digital Ruble: New Influx of Banks to Join PilotThe Center-Bank move is significant due to the bank’s nature.A branch of the Russian bank Center-Bank in Volgograd, Russia. (Source: Redboston [CC BY-SA 4.0])While Center-Bank is not strictly a regional bank, it is headquartered outside the Russian capital.The financial institution caters mostly to Southern Russian customers and firms.This could be an indication that Russia may look to follow the Chinese CBDC playbook.In China, larger state-run banks were the first to join the digital yuan pilot, followed at a later date by regional banks.The identity of the rest of the second batch of banks is still yet to be officially confirmed.But the Central Bank has previously confirmed that this second group will join the pilot sometime in 2024, and will be comprised of 16 banks.A senior Center-Bank executive stated:“The introduction of a [Russian] digital currency is a qualitative shift in the field of global payments. By taking part in the digital ruble pilot, we will get the opportunity to be one of the first banks to experience all the advantages of using digital currencies.”The executive added:“[Joining the pilot] will help us [improve] our future payment infrastructure and offer our clients new products and services.”The bank was founded in 1992 by a group of then-recently privatized Southern Russian companies.Sam Bankman-Fried Wrote a Draft Twitter Thread For Alameda Closure Two Months Before FTX Collapse Ultra aims to provide more autonomy and monetization possibilities for gamers and developers, where players can earn rewards for their gameplay and developers can monetize their creations. Best crypto trading platforms in India: WazirX, Coin DCX, ...“Okhandiar failed and refused to provide to Plaintiffs a sign [sic] shareholders’ agreement or provide to Plaintiffs any corporate formation documents of any kind, such as an operating agreement or membership roll,” the suit alleged. “Okhandiar failed to issue any equity in either RemCorp or RemIndustries to the Plaintiffs despite his written promises to do so.” But, after the bankruptcy, few in the team knew the exact number of wallets owned by FTX or where their private keys were located, per Wired.

Types of CBDCs “This is disappointing and unexpected to say the least,” Warbler co-founders Michael Sall and Blake West wrote in the post. “Warbler Labs will take on the full risk and responsibility of recovery, and we have decided to backstop losses related to REZI and POKT, excluding Warbler’s and Stratos’ positions.” How to Buy Shiba Inu (SHIB) and Dogecoin (DOGE) on Etoro and HedgeUp (HDUP)-Crypto News BTCProminent market commentator Mike Alfred shared with his 134,500 followers that this could potentially be a positive indicator for Bitcoin’s price. Play-to-earn (P2E) is just like normal gaming, except with the idea of earning and making a real income while playing the game. It may sound too good to be true, but it is real, with games like Axie Infinity being one of the most trending P2E games currently.

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