In order to
unveil the beginning of the pilot operations with real digital rubles, the Bank
of Russia has announced that it would hold a press conference today, August 9,
2023 at 11:00 a.m. Moscow time.
The
announcement is a remarkable step toward the country’s central bank’s digital
currency vision.
It can be
recalled that for a long time, the Bank of Russia has been working on
developing and testing digital rubles, which would enable fast and secure
transactions.
This new
system is set to become the backbone of the country’s financial system.
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