Digital ruble will take 5-7 years to achieve mass adoption: Bank of Russia
Governor Elvira Nabiullina says that the digital ruble needs to be the most convenient payment method for individuals and businesses before it gains mass usage.
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Russia pushing pensioners to ‘digital ruble trap,’ economist says
Alexander Razuvaev says that while it’s being framed as optional, the digital ruble will become mandatory for all pension payments, limiting economic freedom.
Bank of Russia unveils logo and commission fees for digital ruble: report
Starting in 2025, business-to-business transactions involving the digital ruble will have a 15 rubles ($0.16) charge, while individuals will only have a 0.3% charge of the total value of the transaction.
Bank of Russia: Digital ruble is not compulsory
Even though the use of the digital ruble remains voluntary, the Bank of Russia’s law on the CBDC is being criticized over its alleged lack of privacy rights.
Putin signs digital ruble bill into law, enabling CBDC in Russia
Under the newly signed law, the Bank of Russia is tasked with storing digital ruble assets and will be the principal operator of the digital ruble infrastructure.
Iran moves ahead with CBDC development after completing pre-pilot phase
The Central Bank of Iran revealed that the pre-pilot phase skimmed through legal, regulatory, and technological implications for an Iranian CBDC launch.
Russia’s CBR governor endorses digital currencies for use in international settlements
Elvira Nabiullina remarks indicates that Russia may soon roll out its support for digital currencies in international settlements as the government has been dropping hints about the plans.
Russia on track to launch digital ruble pilot phase by 2023
Central Bank of Russia President Elvira Nabiullina revealed that by 2023, the digital ruble would be launched on a pilot basis for making payments to other countries.