Russia Plans Full-Scale Digital Ruble Operations in July 2025
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The Bank of Russia has proposed launching widespread transactions in the digital ruble with free access to the new payment method for the country’s citizens.
Russia’s biggest banks will have to provide their clients with the ability to conduct digital ruble operations by July 1, 2025, including opening accounts and allowing transfers of money, the central bank said Thursday in a statement. Large businesses should also be ready to accept payments in digital rubles for goods and services using QR codes, it said.