Russia Launches First Consumer Pilot Trial for CBDC - Coinleaks
Current Date:September 21, 2024

Russia Launches First Consumer Pilot Trial for CBDC

the Central Bank of Russia,On April 1, 2023, the country’s central bank digital currency ( CBDC) is preparing to launch its first consumer pilot.

First Vice President Olga SkorobogatovaHe said that the Central bank of Russia will soon launch the first digital ruble transactions, along with 13 local banks and several traders.

Skorobogatova, Ural Forum CybersecurityHe used the following statements in in Finance: “We plan to launch the digital ruble project on April 1, with transactions involving payments in trade and service organizations as well as individual transfers.” SkarabogatovaHe added that banks participating in the pilot have technically confirmed that they are ready to test the digital ruble.

“Transactions will be carried out with a limited number of customers”

Authorized local news agency of TASSreportedly, the upcoming CBDCof the pilot in Russiastated that it will include real operations and real consumers, but will be limited to a certain number of transactions and customers.

Deputy Governorannounced that general customers will not be able to participate in the pilot at the first stage, as banks will enter the pilot with selected customers. Skorobogatova, after the first pilot stage of the Central Bank of RussiaHe said he plans to determine how to further scale the digital ruble.

Skorobogatova The latest announcement by the central bank includes the roadmap for the introduction of the digital ruble, which the central bank officially introduced in June 2022. Initially 2024intended for the consumer CBDCThe pilot was moved earlier at the request of the Russian central bank.

The news is that some Russian officials Russia Centre of the bankIt came as he claimed to be evaluating a potential gold-backed token targeting cross-border transactions. Russia Centre of the bankfirst vice president Vladimir Chistyukhin, such a gold token Russia’sbelieves it will help create a new and attractive investment product and a demanded payment method in international settlement.