Bank of Russia Considers Issuing Digital Ruble, Starts Public Consultations

The Bank of Russia – the central bank of Russia – said it's exploring the possibilities of issuing the central bank digital currency (CBDC), a digital ruble.

In an advisory report, the Russian central bank said it doesn't see the digital ruble as a replacement for cash or non-cash rubles, but as a supplement.
The central bank said it hasn't yet decided whether to issue a CBDC but will hold a public consultation period on the matter. The bank said it considers it vital to discuss key aspects, advantages, possible risks, stages and timing of a digital ruble project "with the financial sector, the expert community as well as with all stakeholders."

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

00

13

19

32

Bank of Russia Considers Issuing Digital Ruble, Starts Public Consultations

The Russian central bank said it's starting public consultations on the possibilities of issuing a CBDC.

10 Years of Decentralizing the Future