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JUST IN: Russia’s Central Bank Confirms Digital Rouble Trials to Start in 2022

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Mon, 05/24/2021 - 10:57
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Yuri Molchan
Central bank of Russia has confirmed its plans to kick off digital rouble trials next year
JUST IN: Russia’s Central Bank Confirms Digital Rouble Trials to Start in 2022
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According to the Bloomberg Terminal, the head of the Russian Central Bank, Elvira Nabiullina, has stated that digital ruble trials will begin in 2022.

Previously, the country's central bank voiced its plans to start testing a CBDC, back in April, naming the same year: 2022.

Now, this has been confirmed.

CBDCRUssia_000
Image via Twitter

Russia is keeping up with the Joneses, joining other countries that have been or are planning to start working on their central bank digital currencies: China (already testing the digital RMB), Switzerland, France, the U.K., Japan and more.

Earlier, U.Today reported that the Central Bank of South Korea is developing its own platform for launching a digital won.

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The U.S. Fed is also looking into the possibility of launching the digital dollar.

Also, the Russian government considers allowing Bitcoin to be used as a contractual means of exchange.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.