Russian Banks Say Citizens Are ‘Wary’ of CBDC Plans – Digital Ruble Faces Roadblock?

Russia’s biggest banking association has demanded clarification on Moscow’s CBDC plans, and says citizens are “wary” of the digital ruble. Per Komersant and BFM, the Association of Russian Banks (ARB) sent a letter to the Central Bank with “a request to clarify certain issues pertaining to the digital ruble.” The Central Bank is currently working with over a dozen commercial banks on a “real-world” pilot. But, the ARB wrote:... Read More: Russian Banks Say Citizens Are ‘Wary’ of CBDC Plans – Digital Ruble Faces Roadblock?