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

The Central Bank of the Russian Federation’s (CBR) central bank digital currency (CBDC) project has been developing rapidly. The first news about the initiative appeared in 2020, and a regulatory bill was introduced in 2022, which has now passed through its final reading in the parliament’s lower chamber, the Duma.

However, the final rollout of the “digital ruble” among the general public will not happen until 2025–2027, as CBR First Deputy Governor Olga Skorobogatova recently revealed.

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