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The Central Bank of Russia: The core of the digital ruble is to monitor government contract spending, with personal use being voluntary.

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PANews
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3 hours ago
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PANews April 25 news, according to Russian cryptocurrency media Bits.media reported, the president of the Central Bank of Russia, Nabiullina, publicly stated that the core role of the digital ruble is to automate the regulation of national contract expenditures, thus replacing the traditional manual review model. She clarified that the digital ruble maintains consistent transparency with the existing non-cash ruble, and the external claims about its monitoring of individual daily payments are indeed a misunderstanding. The Central Bank of Russia clearly will not force the public to open digital ruble accounts and related payment services, and will adhere to the principle of voluntary popularization, planning to open the experience to the public in September this year and promote popularization through positive guidance. Previously, the Central Bank of Russia had completed the update of the rules for opening digital ruble accounts for enterprises and individuals, laying the groundwork for subsequent comprehensive application.

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