<![CDATA[<figure class="image"><img src="https://cimg.co/news/125876/332375/adobestock-385045876.jpeg" alt="A surface covered with Russian 10 ruble coins." srcset="https://cimg.co/news/125876/332375/responsive-images/adobestock-385045876___media_library_original_1000_664.jpeg 1000w, https://cimg.co/news/125876/332375/responsive-images/adobestock-385045876___media_library_original_900_598.jpeg 900w, https://cimg.co/news/125876/332375/responsive-images/adobestock-385045876___media_library_original_720_478.jpeg 720w, https://cimg.co/news/125876/332375/responsive-images/adobestock-385045876___media_library_original_600_398.jpeg 600w, https://cimg.co/news/125876/332375/responsive-images/adobestock-385045876___media_library_original_300_199.jpeg 300w" width="1000" class="content-img"><figcaption>Source: Deacon docs/Adobe</figcaption></figure>A senior <a href="https://cryptonews.com/tags/russia/">Russian</a> politician says domestic firms will be using the <a href="https://cryptonews.com/news/russian-central-bank-may-mark-cbdc-tokens-track-digital-ruble-transactions.htm">digital ruble</a>, the nation&rsquo;s <a href="https://cryptonews.com/tags/CBDC">CBDC</a>, in <a href="https://cryptonews.com/tags/latin-america">Latin America</a> no later than 2025.The comments were made by Anatoly Aksakov, the Chairman of the State Duma Committee on the Financial Markets.Per <a href="https://tass.ru/ekonomika/18885823" rel="nofollow">Tass</a>, Aksakov, who is also the MP for Chuvashia&rsquo;s Kanash constituency, stated that the digital ruble &ldquo;will enter the international arena in 2025.&rdquo;He also stated that it could be used in &ldquo;mutual settlements&rdquo; with Latin American countries.The MP was speaking at a Moscow-based summit named &ldquo;Russia - Latin America.&rdquo;<figure class="image"><img src="https://cimg.co/news/125876/332378/putin-0210.jpg" alt="Russian President Vladimir Putin addresses the Russia - Latin America conference." srcset="https://cimg.co/news/125876/332378/responsive-images/putin-0210___media_library_original_700_535.jpg 700w, https://cimg.co/news/125876/332378/responsive-images/putin-0210___media_library_original_600_459.jpg 600w, https://cimg.co/news/125876/332378/responsive-images/putin-0210___media_library_original_300_229.jpg 300w" width="700" class="content-img"><figcaption>Russian President Vladimir Putin addresses the Russia - Latin America conference. (Source: Kremlin/Screenshot)</figcaption></figure>He appealed to LATAM central bankers to forge closer links with Moscow on CBDC-related matters.Aksakov said:<blockquote>&ldquo;In 2025, I am sure that the digital ruble will enter the international space. And it will be available for use in mutual settlements, including for companies in Latin American countries.&rdquo;</blockquote>The MP continued:<blockquote>&ldquo;We are ready to share our blockchain technology-related experience and our development capabilities with you. That will allow your central banks and companies to make wider use of this new [digital payments] channel.&rdquo;</blockquote>Aksakov added that the pilot would likely expand next year, and conclude with a national rollout in early 2025.He said:<blockquote>&ldquo;We are now testing the digital ruble. I think that the digital ruble pilot will continue for about one year: Several months this year and into next year.&rdquo;</blockquote>The Central Bank has previously been more guarded with its own time frames for CBDC rollout.The bank&rsquo;s Deputy Governor claimed a rollout was expected &ldquo;between 2025 and 2027.&rdquo;But with Western sanctions continuing to hamper Russian trade efforts, <a href="https://cryptonews.com/news/russian-business-leaders-talk-up-prospects-of-brics-digital-fiat.htm">business leaders</a> and politicians alike have eyed CBDC, BRICS digital currency, and even <a href="https://cryptonews.com/news/russian-iranian-crypto-sectors-cooperation-talks.htm">crypto-powered trading</a> as alternatives to USD-denominated trade.<figure class="image"><img src="https://cimg.co/news/125876/332377/conf.jpg" alt="Attendees at the Russia - Latin America conference." srcset="https://cimg.co/news/125876/332377/responsive-images/conf___media_library_original_700_301.jpg 700w, https://cimg.co/news/125876/332377/responsive-images/conf___media_library_original_600_258.jpg 600w, https://cimg.co/news/125876/332377/responsive-images/conf___media_library_original_300_129.jpg 300w" width="700" class="content-img"><figcaption>Attendees at the Russia - Latin America conference. (Source: Kremlin/Screenshot)</figcaption></figure><h2 id="russian-cbdc-plans-include-latam-expansion">Russian CBDC Plans Include LATAM Expansion?</h2>The long-serving Aksakov is the chief architect of the nation&rsquo;s crypto and &ldquo;digital financial assets&rdquo; legislation, as well as the Duma&rsquo;s chief interlocutor with the Central Bank.He has made a number of bullish comments on the digital ruble&rsquo;s future prospects.This year, he has claimed that Russia&rsquo;s coin <a href="https://cryptonews.com/news/top-lawmaker-suggests-china-russias-cbdcs-are-compatible.htm">could be compatible with China&rsquo;s digital yuan</a>.He has also stated that <a href="https://cryptonews.com/news/russia-should-scrap-digital-rubles-buying-limit-for-foreigners-says-top-mp.htm">buying caps on digital ruble holdings should be lifted for overseas buyers</a> &ndash; allowing non-Russians to buy &ldquo;millions&rdquo; of tokens.&nbsp;
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Moscow Claims Russia Will Be Using Digital Ruble in LATAM by 2025

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