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Russia’s Central Bank Plans to Reveal Digital Ruble Prototype Later This Year

by CBDC Insider
March 12, 2021
in Business, Europe
Reading Time: 1min read
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Russia’s Central Bank Plans to Reveal Digital Ruble Prototype Later This Year
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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.

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Read more: https://www.theblockcrypto.com/linked/98100/russia-central-bank-digital-ruble-prototype

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