Earlier this week, Russian President Vladimir Putin signed a law on the introduction of the digital ruble along with a corresponding electronic platform to manage its access and distribution. Since then, various officials have come forward to dispel concerns about the central bank digital currency (CBDC) and highlight the benefits for individuals and businesses.
As the country prepares to launch a live pilot after months of delays, people are starting to react to the potential future impacts of a new retail CBDC.
One of the first public figures to speak after the signing of the law was the head of the Bank of Russia, Elvira Nabiullina, who said on Monday that the digital ruble would not be forced onto citizens. “This is an absolutely voluntary use, it is an additional opportunity for people,” she said, highlighting the convenience of a new, third form of money.
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