The Central Bank of Russia has announced an updated plan to roll out the digital ruble by 2026. This decision reflects a cautious approach, prioritizing comprehensive pilot testing and stakeholder consultations.
The digital ruble will enhance Russia's financial stability, complement existing currencies, and aims to reduce reliance on stablecoins in domestic markets. No private funding will participate in its development.
According to Governor Elvira Nabiullina, the plan emphasizes economic models that benefit banks and the public, showcasing Russia's efforts to ensure economic resiliency amid international sanctions.
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