Bank of Russia Unveils Official CBDC Logo, Revolut Shuts US Crypto Platform
• The Bank of Russia (BoR) revealed the official logo of the country’s central bank digital currency (CBDC), the digital ruble.
• UK-based fintech firm Revolut is closing its cryptocurrency platform in the US.
• Bitget announced a one-year partnership with American actor and comedian, Adam Devine, for its latest #SetForChange campaign.
Bank of Russia Reveals Official CBDC Logo
The Bank of Russia (BoR) revealed the official logo of the country’s central bank digital currency (CBDC), the digital ruble. The logo is the ruble symbol within a circle. The announcement includes a set of rules that must be followed by anyone who uses the logo. Russia’s central bank also presented the commission fees for operations with the CBDC. All services will be free until the end of 2024. From 2025, business-to-business transactions will cost 15 rubles ($0.16), and individuals will pay 0.3% of the total transaction sum when transacting with commercial accounts and 0.2% for housing and communal services payments.
Revolut Shuts Down Crypto Platform for US Customers
UK-based fintech firm Revolut is closing its cryptocurrency platform in the US from September 2nd onwards . US customers will no longer be able to buy crypto, and from October 3rd buying, selling, and holding will be disabled in all states across America . Revolut said that less than 1% of its global crypto customers are affected by this decision . A spokesperson from Revolut said “As a result of evolving regulatory environment and uncertainties around crypto market in United States , we have taken a difficult decision together with our US banking partner to suspend access to cryptocurrencies through Revolut in USA .”
Bitget Partners with Adam Devine
Bitget announced a one-year partnership with American actor and comedian, Adam Devine, for its latest #SetForChange campaign following their recent rebranding initiative . This collaboration aims to promote crypto education as well as foster wider adoption through an engaging yet lighthearted approach .
US Department Of Justice Responds To Sam Bankman-Fried’s Claim
The US Department Of Justice (DoJ) stated on Thursday that Sam Bankman-Fried , former CEO of failed exchange FTX , had gone beyond benignly exercising his constitutional right to speak to press after claims made by his lawyers regarding revoking his bail violating his right to free speech were made . In response , DoJ attorneys sent a letter to judge saying Mr Bankman – Fried took covert steps intended to discredit trial witness as well as taint judicial proceedings if they were allowed into court thus asking judge revoke bail grant defendant detention order instead .
Summary
This article covers news related to Central Bank Digital Currency such as The Bank Of Russia revealing its official logo ; UK based Fintech firm Revolut shutting down it’s cryptocurrency platform in US ; Bitget partnering up with American actor & comedian Adam Devine; And finally The Department Of Justice responding To Sam Bankman – Fried’s claim about revoking his Bail violating Free Speech rights .
