The Bank of Russia has offered an update on the future of the digital ruble pilot, the Russian central bank digital currency (CBDC). The bank’s press service clarified that the pilot will continue throughout 2024 and until the massification of the digital ruble usage, estimated to happen in 2025.
Digital Ruble Pilot to Run Indefinitely Until Its Launch
The Bank of Russia updated the public on the future of the pilot of the digital ruble, the Russian central bank digital currency (CBDC). The institution clarified that the pilot project will continue until at least the end of 2024 and until the final massification and launch of the currency.
According to TASS, a Russian state-owned news outlet, the bank stated:
The pilot will continue at least until the end of 2024 and, if necessary, will be extended. Only after the completion of the pilot will the digital ruble be introduced into mass circulation.
Also, the bank reiterated that the current pilot operations, which started on August 15,
We współpracy z: https://news.bitcoin.com/bank-of-russia-states-digital-ruble-pilot-will-continue-until-the-end-of-2024/
