The Central Bank of Russia plans to achieve widespread use of the digital ruble by July 2025

2024-09-12 20:10:03

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ChainCatcher news, according to CoinDesk, the Central Bank of Russia plans to achieve widespread use of the digital ruble by July 2025. The Central Bank of Russia stated on Thursday, "Banks need to enable customers to open and top up digital ruble accounts, make transfers, and accept digital rubles within their infrastructure, promoting the widespread use of the national digital currency. Importantly, it should be available for citizens and businesses to use freely on an equal basis with cash and non-cash funds."

It is reported that Russia has been testing its CBDC with 12 banks. Earlier this month, the number of participants in the trial expanded from 600 to 9,000.

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