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Russia is gearing up for the digital ruble, its national central bank digital currency (CBDC), with authorities making necessary changes to incorporate it into the budget process!

The Ministry of Finance is working on amendments to the budget code that will allow for the disbursement of certain subsidies in digital rubles. Deputy director Osman Kabaloev stated that this will enable seamless integration into the budget process.

While the central bank has plans for the digital ruble, a clear launch date remains elusive. Initial expectations pointed to a rollout in 2026, but some financial experts believe it may be delayed until 2027 to address technical issues.

What are your thoughts on the future of the digital ruble in Russia? Let us know! 💬