The Bank of Russia, the country’s central bank, plans to debut a prototype version of a digital ruble platform before the end of 2021, a senior official has reportedly said.
Russian news outlet Prime, citing deputy chairman Alexey Zabotkin, reported that the prototype would precede additional tests in 2022 after a public unveiling. A subsequent report from CoinDesk confirmed that the central bank plans to make its work on a digital ruble public.
The developments add a degree of certainty to what Elvira Nabiullina, governor of the Central Bank of Russia, indicated was only a hypothetical last October. The central bank had not confirmed it would move forward with a digital currency prototype until this week.