Bank of Russia Aims for Widespread Digital Ruble Usage by July 2025

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September 12, 2024
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According to CoinDesk, the Bank of Russia plans to achieve widespread adoption of the digital ruble by July 2025. The central bank states that banks need to enable customers to open and top up digital ruble accounts, transfer funds, and accept the digital ruble within their infrastructure to facilitate the widespread use of the digital national currency. Russia has been testing its CBDC with 12 banks. Earlier this month, the number of participants in the trial was increased from 600 to 9000.

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