Olga Skorobogatova The deputy governor of the Bank of Russia said that the central bank digital currency (CBDC) or “digital ruble” of the Central Bank of Russia Ready for the pilot program
pilot project It will be open to test peer-to-peer transfers between individuals and for retail purchases, according to Skorobogatova. told reporters during a fintech conference in Russia.
“The pilot program will be carried out by real people, but only in limited numbers, with 13 banks signaling they are ready,” TASS news agency said. ofRussia report
The central bank will pilot a CBDC with selected clients. which after the pilot ended Bank of Russia will decide on how to expand the project.
The Central Bank of Russia first proposed a CBDC in October 2020, believing that it could help reduce Russia’s economic dependence on the US dollar. Including reducing the impact of foreign sanctions on the country since the invasion of Ukraine.
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