## Rus Coins: Key Players in Russia's Blockchain Ecosystem

Russia's activities in the cryptocurrency sector are carried out by both government agencies and private entrepreneurs. In this context, Russian coins and blockchain projects are attracting increasing attention.

**Government-Supported Digital Currencies**

The Digital Ruble designed by the Central Bank of Russia stands out as the blockchain-based version of the national currency. This central bank digital currency (CBDC) has completed testing and aims to be used in international payment systems.

Similarly, Sberbank—Russia's largest state bank—launched its own digital currency called Sbercoin. Sberbank's investment in blockchain technology demonstrates its step toward digitizing traditional financial systems.

**Independent Blockchain Initiatives**

Russian developer Sasha Ivanov's Waves follows a unique path in the blockchain field. By issuing tokens, providing decentralized exchange services, and offering additional blockchain solutions, it secures its place in the crypto ecosystem.

Another Russia-based project, BitClave, was designed as a decentralized platform. This system allows users to retain control over their data and manage data usage in the advertising sector via blockchain.

**Controversial and Conceptual Projects**

The name Cryptoruble has been discussed as a concept in Russia, but it is not possible to say that it has been officially launched as a cryptocurrency product. However, this name has been used as a reference in some local projects.

Russian coins and such initiatives reflect how advanced Russia is in the digital finance sector and how much importance the government places on this industry.