Bank of Russia Accelerates Schedule for Digital Ruble Project – Finance Bitcoin News
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Bank of Russia to present Digital Ruble Roadmap for introduction of digital ruble by end of 2023. Trials with real transactions and users are scheduled to begin next April, earlier than originally planned. The CBDC’s prototype platform was finalized in December 2021 and the pilot phase was initiated in January of this year. As part of the trials, the CBR and Russian commercial banks plan to test various types of payments, including settlements for real estate deals, the daily Izvestia recently unveiled. The importance of the CBDC project has increased amid mounting Western sanctions over Russia's military invasion of Ukraine. Source