Russian CBDC by 2025? What’s taking place with the digital ruble

The Central Financial institution of the Russian Federation’s (CBR) central financial institution digital forex (CBDC) venture has been growing quickly. The primary information concerning the initiative appeared in 2020, and a regulatory invoice was launched in 2022, which has now handed by means of its ultimate studying within the parliament’s decrease chamber, the Duma.

Nonetheless, the ultimate rollout of the “digital ruble” among the many basic public is not going to occur till 2025–2027, as CBR First Deputy Governor Olga Skorobogatova just lately revealed.

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