Digital Ruble Coming Next Year, Says Russian Central Bank Governor - BitcoinEthereumNews.com
Russia‘s central bank said it plans on having a digital ruble prepared by next year, as part of the country’s effort to circumvent Western sanctions. Bank of Russia Governor Elvira Nabiullina told the nations lower house of parliament that a central bank digital currency capable of international settlements would be possible by next year. “The digital ruble is among the priority projects,” กล่าวว่า Nabiullina. “We have fairly quickly created a prototype… now we are holding tests with banks and next year we will gradually have pilot transactions.” Stressing the importance of the digital currency, the First Deputy Chairman of the Bank of Russia Olga Skorobogatova said that necessary tests would be performed this year โดยไม่ชักช้า, despite the hesitation of a few Russian banks to participate in the CBDC pilot project. Circumventing sanctions Along with many other countries around the world, Russia had been developing a central bank digital currency to expedite payments and modernize its financial system. Now, with the onset of Western sanctions imposed as a reaction to Russias invasion of Ukraine on Feb 24, Russia has been prioritizing alternative ways of participating in the global financial system. Besides the digital ruble, Nabiullina also said Russia aims to expand the number of countries willing to