Russia’s central bank has postponed the full-scale launch of its digital ruble project indefinitely, according to a report from local media outlet TASS.
Russia’s central bank began testing its digital currency in August 2023 with a limited pilot program. The initiative involved 12 banks and around 600 employees, who tested wallet functionalities, transfers, and automated payments.
Businesses also explored using the digital ruble for transactions, with initial plans for broader adoption by July 2025.
However, the launch has been delayed without a new timeline, with the authorities extending the pilot phase to refine technical aspects and allow banks to evaluate economic models.
Bank of Russia Governor Elvira Nabiullina reportedly confirmed the delay, emphasizing that the additional time will help financial institutions adopt models that appeal to their customers. She stressed that the postponement is necessary to ensure the digital ruble benefits all stakeholders.
Nabiullina said:
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