Russia developing cross-border CBDC settlement

Russia is developing its cross-border settlement capabilities using central bank digital currency (CBDC).

The first of two models the Bank of Russia is exploring to export the digital ruble sees countries entering into bilateral agreements to integrate their respective CBDC systems.The second proposal would create a single supranational platform with a common protocol and standards. 

According to a presentation seen by Russian business news outlet Kommersant, work on the two CBDC models is due

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