• About Us
  • Careers
  • Contact
No Result
View All Result
Wednesday, July 30, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result
Home Explore CBDC

Russia’s Central Bank to Begin Pilot Testing of Digital Ruble on August 15

9 August 2023
in CBDC, News
Reading Time: 3 mins read
104 5
Russia's Central Bank to Begin Pilot Testing of Digital Ruble on August 15

source: teletrader.com

Russia’s Central Bank has announced that the anticipated pilot testing program for its central bank digital currency (CBDC), known as the digital ruble, is set to kick off on August 15, 2023.

According to the Bank, this testing phase is crucial because it allows them to see how well the digital ruble works in real-life situations and identify parts of its operation that needs to be adjusted to ensure a user-friendly experience when the currency is rolled out to the public.

Olga Skorobogatova, First Deputy Governor of the Bank of Russia, explained,

“The start of pilot testing of the digital ruble on real transactions is a critical stage of this project. We will be able to test how the digital ruble platform operates in real-life conditions, check all necessary procedures with the participation of clients, adjust the processes where needed, and make sure that the customer journey is convenient and easy-to-understand for users.”

Throughout the pilot program, the Central Bank will meticulously evaluate all possible transactions with the digital ruble, including opening digital ruble accounts (digital wallets), fund transfers to the accounts, peer-to-peer transfers, simple automatic bill payments, and QR code-based payments for goods and services. Once these scenarios of digital ruble transactions are successfully tested, the Bank intends to release the currency for broad public use.

The pilot initiative will kick off with the participation of 13 banks and a select number of their customers. These participants will be able to conduct digital ruble transactions at 30 points of sale across 11 major Russian cities. The Central Bank also revealed its intention to progressively expand the list of participants with more individuals and companies until the end of the year. 

The pilot program was initially scheduled to begin by April 1, 2023, but was postponed indefinitely due to delays in passing the legislation required to authorize the program. 

The digital ruble is expected to be available to the public as early as 2025 so that individual consumers and businesses can potentially integrate the national digital currency into their financial operations.

The development of the Digital Ruble was first reported in 2022, with testing slated for 2023 and a public launch anticipated before 2030. 

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

Don't miss out!

Subscribe To Our Newsletter

Receive top education news, lesson ideas, teaching tips and more!
Invalid email address
Give it a try. You can unsubscribe at any time.
Thanks for subscribing!
Tags: CBDCsRussia
Share64Tweet40Share11
Favour Olaiya

Favour Olaiya

Favour is passionate about education and empowering people through knowledge sharing. He creates content centered around societal development and providing access to technology. When he's not doing this, you can find him nose-deep in classic books or taking a deep dive into the intriguing history of science.

Related Posts

source: reuters.com
News

JD.com Registers Stablecoin Entities Ahead of Hong Kong’s New Regulations

29 July 2025
source: navigator-insurance.com
News

Hong Kong Finalizes Stablecoin Regulations, Sets August 1 as Launch Date for New Framework

29 July 2025
source: altcoinbuzz.io
News

FIS Partners with Circle to Enable USDC Payments for Financial Institutions

29 July 2025
source: news.bitcoin.com
Crypto

PayPal Pushes Crypto Payments Mainstream with Lower Costs and Global Reach

29 July 2025

Featured Posts

Which Pays Better Right Now: DeFi’s High-Yield Pairs or Traditional Finance’s Cash Vehicles?

Which Pays Better Right Now: DeFi’s High-Yield Pairs or Traditional Finance’s Cash Vehicles?

byOlayinka Sodiq
6 July 2025
0

The Future of Crypto Could Be Institutional—And That’s Not a Bad Thing

The Future of Crypto Could Be Institutional—And That’s Not a Bad Thing

byOlajumoke Oyaleke
30 June 2025
0

What Is a Rebase Token and How Does It Work?

What Is a Rebase Token and How Does It Work?

byOlajumoke Oyaleke
28 June 2025
0

Fiat Freezing vs. Crypto Blacklisting: The Differences in How Banks and Blockchains Manage Asset Controls

Fiat Freezing vs. Crypto Blacklisting: The Differences in How Banks and Blockchains Manage Asset Controls

byOlayinka Sodiq
28 June 2025
0

Smart Contracts on Ethereum, Solana, vs. Other Blockchains

Smart Contracts on Ethereum, Solana, vs. Other Blockchains

byOlajumoke Oyaleke
26 June 2025
0

Read More

Chain of Thoughts

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

byOlu Omoyele
30 June 2025
0

...

Are Stablecoins Bank Deposits?

Are Stablecoins Bank Deposits?

byOlu Omoyele
31 May 2025
0

...

DAOs and the Coordination of Human Endeavour

DAOs and The Coordination of Human Endeavour

byOlu Omoyele
27 April 2025
0

...

Should DeFi Be Regulated?

Should DeFi Be Regulated?

byOlu Omoyele
27 March 2025
0

...

Markets Update

Your Weekend Crypto Roundup | July 2025 (Week 4)

4 days ago

Your Weekend Crypto Roundup | July 2025 (Week 3)

2 weeks ago

Account Abstraction Adoption: Are Users Ready for Smart Wallets?

2 weeks ago

The Role of Real-World Assets (RWAs) in the Next DeFi Boom

2 weeks ago

Stablecoins in 2025: Still Depegging or Finally Stable?

2 weeks ago

Your Weekend Crypto Roundup | July 2025 (Week 2)

3 weeks ago
Read More

Events

Rare Evo 2025
Rare Evo 2025
6 Aug 25
Las Vegas
CBDC Conference
CBDC Conference
9 Sep 25
Nassau

Spotlight

All about Ethereum
All about Algorand
All about Bitcoin
All about Gora

Press Releases

Blockchain for Good Alliance Leads Global Digital Cooperation at UN IGF 2025

bychainwire
29 July 2025
0

Queens Park Rangers and TokenFi Announces New Partnership

bychainwire
29 July 2025
0

Shinkai Launches v1.0: Onchain AI Agents Go Live with USDC & Coinbase x402

bychainwire
29 July 2025
0

DeepSnitch Introduces Five Specialized AI Agents as Token Presale Goes Live

bychainwire
29 July 2025
0

PowerBank’s 3.79 MW Geddes Solar Project Goes Live, Powering New Bitcoin Treasury Strategy

bychainwire
29 July 2025
0

Read More

ADVERTISING

ABOUT

TEAM

CAREERS

CONTACT

TERMS & CONDITIONS

PRIVACY POLICY

© Copyright 2025 DeFi Planet

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.

Add New Playlist

No Result
View All Result
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer

© Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00