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Expert warns: Introduction of the digital ruble in Russia could be delayed until 2027”
Digital ruble: rollout delayed until 2027 A Russian economist has claimed that the nationwide rollout of the country's central bank digital currency (CBDC), the digital ruble, may not take place until 2027. The large-scale implementation of the digital ruble comes in the context of global efforts to integrate digital currencies into national financial systems. While many countries are already making progress in developing their own digital currencies, Russia may require a longer lead time due to certain economic and technical challenges. The digital ruble discussion is part of a larger debate about the future of cash and the role of digital currencies in the economy. One …
Expert warns: Introduction of the digital ruble in Russia could be delayed until 2027”
Digital ruble: rollout delayed until 2027
A Russian economist has claimed that the country's central bank digital currency (CBDC), the digital ruble, may not be rolled out nationwide until 2027.
The large-scale implementation of the digital ruble comes in the context of global efforts to integrate digital currencies into national financial systems. While many countries are already making progress in developing their own digital currencies, Russia may require a longer lead time due to certain economic and technical challenges.
The digital ruble discussion is part of a larger debate about the future of cash and the role of digital currencies in the economy. A widespread rollout could have far-reaching impacts on Russia's payments, monetary policy and financial system.
With the delay until 2027, it remains to be seen how these developments will affect the Russian economy and what measures will be taken to advance implementation. According to the economist, it will be crucial to create technical infrastructure and gain the population's trust in the digital currency.
Overall, the situation surrounding the digital ruble shows that even large economies face challenges when it comes to adapting innovative financial technologies and bringing them to market.