🚨 Breaking: Russia Delays Digital Ruble Rollout—What’s Next for CBDCs? 🛑

The Bank of Russia has postponed its digital ruble mass adoption plans, shifting focus to refining the CBDC’s economic model and ensuring public trust. Here’s what you need to know:

🔍 Key Details:

- Delay Reason: Extended testing & bank consultations to optimize the CBDC’s framework.

- Pilot Success: 15 banks, 1,700 citizens, and 30 businesses already onboarded.

- New Timeline: Originally set for post-July 2025—no revised date yet.

💬 Central Bank Governor Elvira Nabiullina:

“We handle [the digital ruble] with great care to ensure it gains the trust of citizens and businesses. Smart contracts remain a focal point for banks, businesses, and the government.”

📈 Why This Matters:

- Cautious Approach: Russia prioritizes stability over speed, aiming to avoid #CBDC pitfalls.

- Smart Contract Hype: Institutional interest surges for programmable money use cases.

- Global Implications: Will this delay reshape the race for CBDC dominance? 🌍

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Is Russia’s strategic delay a setback or a blueprint for responsible CBDC development? Share your thoughts!

🔖 #CBDC #DigitalRuble #BankofRussia #CryptoRegulation #Blockchain #SmartContracts