As of September 1, the Bank of Russia has rolled out the digital ruble. Any Russian citizen can now open an account on the central bank's platform through their bank app and top it up with up to 300,000 rubles per month. Right now, payments and transfers come with zero fees.
How the Digital Ruble Works at Launch
Access is set up through participating banks' apps, connecting users to the Bank of Russia's digital ruble platform. At launch, there's a monthly top-up cap of 300,000 rubles, and all transfers and payments are free of charge for the time being.
Founding Congress of AOCV Held in Moscow
Moscow just hosted the founding congress of AOCV, an association aiming to become a self-regulatory organization for crypto exchanges. The details on regulatory steps and next deadlines weren't disclosed in this update.
Market Watch: Bitcoin Tops $81,000
On the market front, bitcoin is trading above $81,000. No further price movement details were included in this news brief.
