Russia advances digital ruble strategy ahead of 2026 launch
Officials say Russia remains among global leaders in CBDC readiness, focusing on practical use cases rather than experimental financial tools.
The Bank of Russia has reiterated its confidence in the long-term potential of the digital ruble, describing the project as one of the most advanced central bank digital currency initiatives globally.
According to the regulator, preparations for a large-scale rollout remain on track for 2026, with internal estimates suggesting the digital ruble could represent up to 5% of all cashless payments within seven years of launch.
Central bank officials highlighted smart contracts as a primary area of application, alongside budgetary payments and cross-border transaction mechanisms, where efficiency and transparency gains are expected.
The regulator added that global payment trends are being closely monitored. Officials stressed the importance of defining a clear role for each financial instrument rather than introducing technology without a specific economic purpose.
Bank of Russia officials also emphasised ongoing collaboration with market participants to identify new opportunities for the digital ruble and maximise its practical impact.
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