Russia will officially start piloting digital ruble transactions with real consumers on April 1, according to Olga Skorobogatova, the First Deputy Governor of the Bank of Russia. Thirteen banks are lined up to participate in the retail central bank digital currency (CBDC) pilot, Kommersant reported.
“We are planning to launch the digital ruble project into a pilot stage from April 1 at the beginning with operations – transfers between individuals and payments in trade and service enterprises,” said Skorobogatova (translated with Google Translate).
There have been recent unconfirmed reports that the central bank is accelerating plans for cross border CBDC trials to start them imminently. According to a previously published schedule, cross border CBDC trials were only intended in 2024.
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