Bank of Russia sees retail CBDC in widespread use by July 2025

Banks will have to allow customers to “open and top up digital ruble accounts, make transfers and accept digital rubles in their infrastructure,” the central bank said on Thursday. After that, “the widespread use of the national digital currency is expected to be launched. It is important that it is available to citizens and businesses and, if they wish, they can use it freely, on equal terms, with cash and non-cash funds. .”