- Developers are working on a “cryptoruble” that, as they say, can improve Russians’ access to global exchanges and be used for cross-border payments.
- The cryptoruble will be a payment tool unrelated to the central bank digital currency (CBDC) created by the Bank of Russia.
- Indefibank’s CEO noted that Russian law does not require the establishment of a DAO and the issuance of ERC20 tokens to be coordinated with the central bank.
Ethereum-Based ‘Cryptoruble’ Token Under Development in Russia
