Russia’s central bank says preparations for the digital ruble are complete ahead of a September launch. Bank of Russia Governor Elvira Nabiullina states that the central bank has moved toward “widespread use,” with major banks and retailers expected to be ready to accept the digital ruble starting September 1. The central bank also indicates that it is considering additional payment tools for cross-border activity. Sources report that the Bank of Russia discusses the potential use of stablecoins for international settlements, but frames such use as complementary rather than a replacement for the digital ruble. Overall, both outlets describe the same timeline and readiness message: Russia’s central bank presents the digital ruble rollout as on track for broader adoption by early September, supported by participating financial institutions and merchants. The reports do not provide further operational details beyond the readiness status, the expected start date, and the central bank’s stance that stablecoins could play a supplementary role for international transactions.
Russia says digital ruble rollout is ready ahead of September start
Russia’s central bank says preparations for the digital ruble are complete ahead of a September launch. Bank of Russia Governor Elvira Nabiullina states that the central bank has moved toward “widespr...
- Bank of Russia Governor Elvira Nabiullina says preparations for the digital ruble are ready for broad use.
- Major banks and retailers are expected to begin accepting the digital ruble on September 1.
- The rollout is described as being on track for wider adoption by early September.
- The Bank of Russia discusses stablecoins for international settlements.
- Stablecoin use is presented as complementary to the digital ruble, not a replacement.
The central bank is also actively discussing the use of stablecoins for international settlements, but only to complement the digital ruble.
2 hours agoBank of Russia Governor Elvira Nabiullina said major banks and retailers are on track to begin accepting the digital ruble by September 1.
14 hours ago
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