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Image depicting the digital ruble and QR code payment system proposal in Russia.
banks

Russia's New Bill Mandates Digital Ruble Use for Banks and Merchants

The Russian State Duma has introduced a bill mandating the use of the digital ruble by banks and merchants, set to begin on July 1, 2025. This proposal includes a universal QR code payment system t...

banksJerome Powell speaking at a closed-door meeting with bank CEOs

Fed Chair Powell Advocates Bank Collaboration to Prevent Legal Disputes

Federal Reserve Chair Jerome Powell emphasizes the need for banks to work with the Fed to avoid legal conflicts over the Biden administration's capital plan. This initiative aims to enhance coopera...