Crypto

Russia's digital ruble accounts top 220,000 in first month

The digital ruble, a central bank digital currency issued and controlled by Russia's central bank, has gathered nearly four times more accounts than the regulator itself forecast.

The digital ruble's rollout comes as BRICS nations discuss linking their digital currencies for cross-border payments.

For beginners A central bank digital currency differs from ordinary cryptocurrencies in that it is issued and guaranteed by the state; its fast adoption shows how countries are trying to modernise payment systems and reduce reliance on traditional bank transfers.