The real use of the digital ruble will begin in 2023


The head of the Central Bank of the Russian Federation Elvira Nabiullina said that the development of national digital currency is in full swing, and next year the agency will conduct the first real calculations in digital ruble.

According to the TASS agency, Nabiullina made the corresponding statement during her speech in the State Duma. According to her, the digital ruble will reduce the costs of settlements. In addition, transactions using the digital ruble will be faster. And in the future, it will be possible to use digital currency in international settlements.

“We quickly created a prototype of the digital ruble, now we are already testing it with banks. Next year, we will gradually carry out pilot calculations, as they say, in the real economy with the digital ruble,” says the head of the Central Bank.

Nabiullina also noted that so far there are quite a few real projects in the field of digital assets in Russia, despite the adoption of the law on CFA. She suggested that the current version of the law is too harsh.

It was recently reported that the digital ruble testing project, in which five banks are already participating, will soon be joined by seven more.

Source: Bits

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