The Central Bank of Russia has reiterated that the digital ruble, Russia’s central bank digital currency (CBDC), is expected to enter mass rollout phases by year-end. Nonetheless, bank officials recently declared this might get delayed until the ongoing pilot irons out all the kinks.

The central bank recently reported on the ongoing pilot status, revealing that it was still adding institutions to test the upcoming virtual currency in their use cases. “Our pilot is going well, it continues, more and more people and companies are getting involved. The pilot will continue to develop, including work on using the digital ruble in the budget process,” the bank told Izvestiya.

Nonetheless, the institution remarked that the mass implementation of the currency would be executed “only when we are sure that we have worked out all possible nuances together with the pilot participants,” hinting at a possible pilot extension and implementation delay.

The bank also mentioned smart contracts as part of the platform, noting that bringing them to the market would need ample discussion with other private banks and institutions. “Banks, businesses, and the government are now showing increasing interest in their use,” it revealed.

If the pilot achieves its objectives by December, Rosfinmonitoring, the Russian financial intelligence agency, will connect Russian banks to the blockchain system used by the digital ruble to process its transactions.

Last month, Central Bank Governor Elvira Nabiullina announced the postponement of the digital ruble rollout, which was planned to happen on July 1, 2025. At the time, Nabiullina explained that the delay would allow them to refine the currency’s economic model and test the inclusion of smart contracts in the proposed system.

Read more: Russia Hits Pause on Digital Ruble—Mass CBDC Adoption Delayed

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。