The Russian Central Bank plans to support retail and commercial use of the digital ruble by July 2025
2024-09-12 12:00:25
The Bank of Russia wants the country's largest banks to support the digital ruble for retail and commercial use by July next year. The Bank of Russia said Thursday that banks will need to let customers "open and top up digital ruble accounts, make transfers and accept digital rubles in their infrastructure." After that, "there are plans to introduce the widespread use of the digital national currency. Importantly, citizens and businesses can use it, and if needed, they can use it as freely as cash and non-cash funds."
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