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

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Mon, 24/05/2021 - 10:57
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.

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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.

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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.

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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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