Russia rolls out digital ruble on Sept. 1, keeps crypto payments banned

Crypto Insight Summary: On the 1st of September, major telecom firms and e-commerce businesses in Russia will introduce the digital ruble which will be a step further in promoting the state-supported currency in daily transactions while preventing the adoption of cryptocurrencies. Moscow takes a solid stance in the world of cryptocurrencies. The country allows investment and transactions involving... Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Russia's digital ruble launch is unlikely to significantly impact global crypto markets.