The Bank of Russia requires major banks to support a digital ruble by July next year, allowing customers to create and manage digital ruble accounts.
The widespread use of the digital ruble aims to ensure that citizens and businesses can use it as freely as cash and non-cash funds.
Russia has expanded its CBDC trials to 9,000 participants, indicating a significant move towards integrating the digital ruble into the financial system.
The introduction of a digital ruble aligns with global trends, as many countries are exploring or implementing their own central bank-issued digital currencies.
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