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Russia Plans to Launch its CBDC-Digital Ruble Across all Banks in 2024

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Today’s Cryptocurrency Headline

According to the latest monetary policy update from the Central Bank of Russia, the authority will start to connect all banks and credit institutions to the digital ruble platform in 2024. By that time, the central bank expects to complete “real money” customer-to-customer transaction trials as well as the testing of customer-to-business and business-to-customer settlements. In 2023, the Russian central bank also plans to test digital ruble-based smart contracts for eligible participants to trade. Additionally, the Central Bank of Russia continues to work on its upcoming central bank digital currency (CBDC), with plans to launch an official digital ruble within a few years.

BingX’s Bitcoin Chart

Source: TradingView & BingX

According to The Block, August 12 saw the open interest of ETH option hit $8.11 billion—a figure that’s nearly three times higher than where it stood a month ago. Bitcoin is down 0.8% over the last 24 hours and fell to an intraday low of $24,150.91. Bitcoin rose above $25,000 on August 14 but the price could not sustain the higher levels, which suggests the bears are selling on rallies. The relative strength index (RSI) in the positive territory indicates that the buyers have an advantage. If the price managed to sustain above $25,000, Bitcoin could rally to $28,000.

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