The most common hindrances cited include insufficient information about the technology (22%) and concerns about cybertheft and system failures (21%).
Bank of Russia News
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According to Olga Skorobogatova, first deputy governor of the Bank of Russia, initiating pilot operations using genuine digital rubles represents a pivotal phase within the project.
13393From 2025 business-to-business transactions will cost $0.16 each, while individual customers will pay 0.3% of the total transaction sum when transferring to commercial accounts.
6369Russian citizens will not be forced to use the digital ruble, and use of the CBDC will be a voluntary choice for people to make, the governor of the Bank of Russia said.
129582025–2027 might still seem far away, but the Central Bank of Russia is preparing its CBDC for mass adoption by then.
3252The legislation will now move to the upper chamber of the Russian Federal Assembly and, if passed, to the president’s desk.
10677The bill could be changed regarding debt operations, services for non-residents and the role of the central bank.
1777The Russian digital ruble pilot launch was delayed until at least May, but the government still hopes to kick off the currency in 2024.
1807Russia’s central bank plans to create new institutions to mine crypto assets and settle international payments.
3575The participating banks expressed their readiness to proceed with the CBDC pilot.
19950Russia’s existing regulatory stance on the cryptocurrency industry would potentially lead the country to “direct financial losses,” the RACIB argued.
9181Russia’s central bank is preparing to launch the first consumer pilot for the digital ruble in collaboration with 13 local banks.
20771Gazprombank, a subsidiary of a state-owned energy corporation, which participates in Russia’s CBDC initiative, fears losing a part of its income as the digital ruble replaces traditional fiat currency.
4230The country’s central bank will begin studying two possible cross-border CBDC settlement models this quarter.
8682The Russian government doesn’t want to enable Bitcoin for regular Russian people, but rather exclusively for foreign trade entities.
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