Russian Central Bank Governor Elvira Nabiullina said that Russians will not be forced to use the digital ruble, everyone can choose which form of the ruble to use. TASS.
“No one is going to force anyone into the digital ruble. This is a completely voluntary use, an additional opportunity for these people: They can use it if they want or not,” said the Governor of the Central Bank, adding that the regulator hopes the digital ruble will be used and this will become a new opportunity for citizens.
19 July Nabiullina statedThere could be a mass launch of a new type of currency in 2025.
As reported on the Central Bank’s website, the digital ruble is a digital form of the Russian national currency that the Central Bank of Russia plans to issue in addition to existing forms of money. The digital ruble will be stored in the digital wallets of citizens and companies. They will be opened on the Central Bank platform, transactions with them will take place on this platform. Access to digital wallets will be provided through banks’ mobile applications and internet banking. The digital ruble differs from cryptocurrency in that it has no single issuer and no single center to assume obligations for it.
Previously recognizedHow the weakening of the ruble will affect the state of the economy.
Source: Gazeta

Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.