Russia’s central bank has postponed the full-scale launch of its digital ruble project indefinitely, according to a report from local media outlet TASS.
Russia’s central bank began testing its digital currency in August 2023 with a limited pilot program. The initiative involved 12 banks and around 600 employees, who tested wallet functionalities, transfers, and automated payments.
Businesses also explored using the digital ruble for transactions, with initial plans for broader adoption by July 2025.
However, the launch has been delayed without a new timeline, with the authorities extending the pilot phase to refine technical aspects and allow banks to evaluate economic models.
Bank of Russia Governor Elvira Nabiullina reportedly confirmed the delay, emphasizing that the additional time will help financial institutions adopt models that appeal to their customers. She stressed that the postponement is necessary to ensure the digital ruble benefits all stakeholders.
Nabiullina said:
“We will move on to the mass implementation of the digital ruble somewhat later than originally planned, namely, after we have worked out all the details in the pilot and conducted all consultations with banks on the economic model that is most attractive to their clients. We will be able to name a new date for the mass launch later.”
Nabiullina has previously highlighted the advantages of a digital ruble, predicting it will become a standard part of daily transactions by 2031. She highlighted its key benefits, including free transfers for individuals and lower transaction costs for businesses, which could drive wider adoption.
Despite the postponement, Russia continues to integrate digital assets into its economy. Over the past year, the country has passed multiple crypto-related regulations, including tax frameworks and mining laws, reinforcing its push to formalize the sector.
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