The Central Bank of Russia is set to introduce the digital ruble for large transactions by 2026. This decision comes after a prior postponement earlier this year.
The testing phase involved participation from 15 banks, 1,700 citizens, and about 30 companies. This is an important step towards the mass implementation of the digital currency.
Authorities plan to leverage the CBDC for budget allocations, aiming to monitor fund distribution and prevent corruption among officials through digital transactions.
Leave a Reply