Summary
- Russia announced that it is postponing the issuance of its Central Bank Digital Currency (CBDC) from the previously scheduled July 2025.
- While the digital ruble has been delayed, the pilot program is progressing smoothly, and they are finalizing the details.
- The reason for the delay was emphasized as being to present the most attractive economic model through consultation with banks.
Russia is postponing the issuance of its Central Bank Digital Currency (CBDC).
According to Binance News on the 2nd, Elvira Nabiullina, the Governor of the Russian Central Bank, announced during a meeting with the Association of Russian Banks (ASROS) that the launch of the digital ruble, previously scheduled for July 2025, will be delayed.
However, the CBDC is not being completely halted. Governor Nabiullina emphasized that "the pilot program is progressing smoothly, and we are finalizing the details," adding that "the schedule has been postponed to present the most attractive economic model and implement the digital ruble on a large scale through consultation with banks."
Uk Jin
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