CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
Cryptoknowmics 2023-07-13 07:33:41

The Russian Central Bank Is Preparing A Real-World Pilot For CBDCs – Will The Digital Ruble Be Launched Soon?

After parliament approved a crucial piece of CBDC legislation, the Russian Central Bank might start conducting “real-world” tests on the digital ruble next month. At the third reading this week, the State Duma voted to adopt the bill, as reported by Interfax. This indicates that the bill’s main provisions will become law. The Central Bank announced at the end of March that it was prepared to conduct a pilot using “real” digital ruble tokens. The bank has formed partnerships with 13 commercial banks and had planned to begin testing in April. However, the “lack of a necessary legal framework” forced The post The Russian Central Bank Is Preparing A Real-World Pilot For CBDCs – Will The Digital Ruble Be Launched Soon? appeared first on Cryptoknowmics-Crypto News and Media Platform .

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.