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.

ChainCatcher news, according to CryptoSlate, Russian Central Bank Governor Elvira Nabiullina stated in an interview, "By 2031, CBDCs will be a part of everyday life. The digital ruble has the advantage of free or low transaction fees, which will drive the adoption of CBDCs."

ChainCatcher news, Russian lawmakers have proposed a bill to expand money laundering controls to digital ruble transactions. The proposal is led by Anatoly Aksakov, chairman of the State Duma's Financial Market Committee, establishing different responsibilities for platform participants and the Central Bank of Russia, which is appointed as the main anti-money laundering entity for the system.

ChainCatcher news, according to cryptonews, the Russian tax authorities will start collecting taxes in digital rubles from 2025, while banks will also have the authority to block suspicious CBDC transactions. As part of the expanded pilot, government agencies have committed to using CBDC more actively in 2024.Previously, Russian President Putin signed the "Digital Ruble Law," which will take effect on August 1, 2023. According to this law, the Central Bank of Russia will become the main operator of the digital ruble platform. The digital ruble is intended to be used as a means of payment and remittance, and not for investment purposes.

ChainCatcher news, Olga Skorobogatova, Deputy Governor of the Central Bank of Russia, announced that Russia will conduct pilot tests of the digital ruble in the capital city of Moscow and 10 other cities. More than 12 Russian banks will participate in the tests, with actual transactions and user participation scheduled to begin in mid-August. Moscow also plans to launch digital ruble transactions in the public transportation system.

ChainCatcher news, the Central Bank of Russia will conduct practical tests with 13 banks next week, expanding its digital ruble pilot program. The Central Bank of Russia stated that launching the pilot operation of the digital ruble is the most important phase of the project, which will allow testing the operation of the digital ruble platform and developing all necessary procedures with customer participation, adjusting processes as needed, and ensuring that the customer journey is convenient and easy to understand for users.Olga Skorobogatova, First Deputy Governor of the Central Bank of Russia, stated that starting from 2025, citizens and businesses should be able to use the central bank digital currency "according to their own requirements."ChainCatcher previously reported that Russian President Putin has signed the "Digital Ruble Law," which will come into effect on August 1, 2023. According to this law, the Central Bank of Russia will be the main operator of the digital ruble platform. The digital ruble is intended to be used as a means of payment and remittance, and not for investment purposes.

ChainCatcher news, the Central Bank of Russia has announced the official logo of its Central Bank Digital Currency (CBDC) and the commission for different types of business related to its CBDC. By the end of 2024, all services will be free, but starting from 2025, B2B transactions will incur a fee of 15 rubles (approximately $0.16) per transaction, while individuals will pay a fee of 0.3% of the total transaction amount when transferring to commercial accounts, and 0.2% when paying for public services.It is reported that Russian President Putin signed the digital ruble bill into law on July 24. The CBDC is scheduled to officially take effect on August 1, 2023, with a pilot program initially conducted in 13 local banks.

ChainCatcher news, according to Cointelegraph, Russian President Putin has signed the "Digital Ruble Law," which will take effect on August 1, 2023.According to the law, the Central Bank of Russia will become the main operator of the digital ruble platform. The digital ruble is intended to serve as a means of payment and remittances, and is not for investment purposes. (Source link)

ChainCatcher news, according to Blockworks, the Russian State Duma has approved a law on the introduction of the digital ruble. The State Duma guided the law through the necessary three readings, submitted it to the Federation Council, and ultimately submitted it to Russian President Putin for signing, pending Putin's approval. If approved by Putin, the Central Bank of Russia will become the operator of the digital ruble platform, and the law will take effect on August 1, 2023. (source link)

ChainCatcher news, the Central Bank of Russia stated that the system supporting the issuance and circulation of the Central Bank Digital Currency (CBDC) in Russia may collaborate well with digital fiat currencies of other countries. It is developing various interaction models between the digital ruble and other CBDCs. Alternatives include establishing bidirectional integration with each CBDC platform or launching an international digital platform to facilitate simultaneous interaction between digital currencies from multiple issuers.However, the Central Bank of Russia still opposes the free circulation of decentralized cryptocurrencies in the country and does not intend to create a national cryptocurrency exchange. (Source link)

According to ChainCatcher news, local Russian media Kommersant reported that the plan for the digital ruble is expected to be introduced in the first quarter of 2023. The Central Bank of Russia will explore two possible cross-border settlement models: the first model involves each country signing separate bilateral agreements with Russia to integrate their CBDC systems, with each agreement ensuring that asset conversion and transfer between countries comply with the rules of the agreement; the second model involves Russia providing a central platform for interaction with other countries, sharing common agreements and standards to facilitate payments between connected countries. (Cointelegraph)

ChainCatcher news, led by Anatoly Aksakov, the chairman of the Financial Market Committee, Russian lawmakers have submitted a legislative draft regarding the digital ruble to the lower house of the Russian Parliament, the State Duma. The document proposes legislative amendments aimed at creating conditions for the introduction of the digital ruble.According to the explanatory note of the bill quoted by the Russian business news portal RBC's crypto page, its main purpose is to develop the necessary payment infrastructure for the digital ruble. The initiators believe this will provide Russian citizens, businesses, and the state with fast, convenient, and low-cost money transfer services.It is reported that the Central Bank of Russia proposed the concept of the digital ruble in October 2020 and completed its prototype platform in December 2021. The pilot phase was launched this January. In May, the monetary authorities stated their plans to start testing real transactions and customers in April 2023. (source link)