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Tag Archives: China-Russia

Cryptos, CBDCs Are Sanctions-Resistant, Can’t Help Russia For Now

Mar 9, 2022

Olusegun Ogundeji

Contrary to the view shared in some quarters, a fintech expert and the author of ‘Cashless’, a book on China’s digital currency revolution, Richard Turrin, has ruled it out that Russia could use cryptocurrency and central bank digital currencies (CBDCs) to avoid sanctions following its...

Chinese Province Closest to Russia Plans e-CNY Pilot

Feb 24, 2022

Olusegun Ogundeji

Barely a month since the largest Russian lender Sberbank said it has started money transfer service to China through Alipay wallets, the Chinese province closest to Russia announces it is developing a platform economy that could see extended piloting of the digital yuan (e-CNY) in Heilong...

Russia set to toe China’s Line on Crypto Mining, Transactions 

Jan 21, 2022

Olusegun Ogundeji

Russia may be on the verge of following in China’s step to ban all crypto-related activities including trading and mining within its borders, according to a new consultation paper by the country’s apex bank. Like the People’s Bank of China in 2021, the Central Bank of Russia says it is ...