The post Belarus and Russia Collaborate on Cross-Border Digital Currency Use appeared on BitcoinEthereumNews.com.

Fintech Belarus is preparing to take a major step toward modernizing its monetary system by introducing a digital version of its national currency within the next two years. According to recent government statements, the country’s central bank is actively developing a central bank digital currency (CBDC), with full deployment expected by the latter half of 2026. The initiative, led by the National Bank of the Republic of Belarus, aims to make the digital ruble accessible for commercial and government transactions, with broader use by individuals expected to follow in 2027. The digital ruble will be issued and backed by the state, mirroring the role of physical cash but in a fully digital format. Authorities have highlighted the need to build a strong technological foundation for the CBDC, including secure infrastructure and clear regulatory guidelines. One key focus is ensuring traceability and transparency throughout the transaction chain—a feature the central bank sees as critical to protecting funds and preventing misuse. As part of its digital currency roadmap, Belarus is also exploring how CBDCs could improve international settlements. The country is reportedly working alongside Russia to develop a cooperative framework for using their respective digital currencies in bilateral trade, suggesting a broader regional push for blockchain-based financial tools. With the groundwork now underway, Belarus joins a growing list of nations accelerating their CBDC strategies as digital payments become increasingly central to global finance. Author Alexander Stefanov Reporter at Coindoo Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to…

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Filed under: News - @ April 19, 2025 4:02 am