Bank of Russia Sees Retail CBDC in Widespread Use by July 2025

The
banks
will
need
to
enable
their
customers
to
“open
and
top
up
digital
ruble
accounts,
make
transfers,
and
accept
digital
rubles
in
their
infrastructure,”
the
central
bank
said
Thursday.
After
that,
“it
is
planned
to
launch
the
widespread
use
of
the
digital
national
currency.
It
is
important
that
it
is
available
to
citizens
and
businesses
and,
if
desired,
they
can
freely
use
it
on
an
equal
basis
with
cash
and
non-cash
funds.”