The newly launched digital ruble should be fully incorporated into the Russian economy now that the test phase of its adoption is drawing to a close, President Vladimir Putin announced on Wednesday.
Speaking at a government meeting on economic issues, Putin said the pilot launch of the electronic currency had proved a success, and that the project is ready for wider implementation.
“The pilot launch of the digital ruble platform has shown its efficiency and functionality. And now we need to take the next step, namely to move toward a wider, full-scale implementation of the digital ruble in the economy, in business activities and in the field of finance,” the president suggested. He added that he plans to discuss the steps intended to speed up this process with regulators.
The idea of introducing a national digital currency was unveiled by the Bank of Russia in late 2020, and the digital ruble officially became operational on August 1 last year. Unlike virtual currencies such as Bitcoin, the digital ruble is an electronic form of the Russian national currency issued by the Central Bank and backed by traditional money. Regulators say that the digital ruble is intended to ease making money transfers and payments both inside and outside Russia, as it will not depend on bank restrictions such as commissions and limits.
🔗SOURCE ➡️ RT
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[For the skimmers out there... : Unless you are cool with CBDC’s, 15 minute cities, digital identification, surveillance state expansion and intranational cooperation, carbon credits, ESG, social credit scores, and everything one associates with Agenda 2030 and the sustainable developmental goals…you shouldn’t* look to BRICS governments or politicians to save you from the globalist agenda they are taking the reigns of]
BRICS VS Western Axis, Two Sides of the Same Globalist Coin Excerpt from The End of The PetroDollar, The Rise of BRICS is Here
.... As we can readily see, it wasn’t just the BRICS axis gearing towards CBDCs of course. Its been both, and that is the point.[More on CBDCs in full article]
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