The post Bank of Russia pitches new dates for digital ruble launch appeared on BitcoinEthereumNews.com.

The Central Bank of Russia has come up with new deadlines for the adoption of the digital ruble, following President Putin’s recent call for its widespread use. Various operations with the digital version of the national fiat will be introduced in stages, the monetary authority said, asking Russian lawmakers to approve the updated timetable. Bank of Russia pitches new dates for digital ruble launch Russia’s monetary authority has set dates for the gradual implementation of its central bank digital currency (CBDC) in a proposal to the State Duma, the lower house of Russian parliament, asking its members to make the necessary legislative amendments. Transfers and payments using the digital incarnation of the Russian legal tender will be introduced in stages, the Central Bank of Russia (CBR) announced on Wednesday. According to the plan, Russia’s largest banks will begin processing digital ruble transactions for their clients from Sept. 1, 2026, the Russian crypto news outlet Bits.media reported, quoting the press release. Starting the same day, trading companies with annual revenues exceeding 120 million rubles (approx. $1.5 million), serviced by these banks, will have to provide customers with the option to pay with digital rubles. Smaller banks and retailers with an annual revenue of over 30 million rubles (around $380,000) will have another year to prepare their systems. They should be ready to accept the digital national currency by Sept. 1, 2027. The deadline for all other banks and businesses is Sept. 1, 2028. The central bank has made an exception for merchants with annual revenues of less than 5 million rubles (about $64,000) for which the requirements and deadlines do not apply. Russians to make digital ruble transfers with QR codes Russian citizens will be able to send digital money using a QR code generated by the country’s Faster Payments System…

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Filed under: News - @ June 25, 2025 8:26 pm