The Central Bank plans to launch the widespread use of the digital ruble from July 1, 2025. Banks must prepare the infrastructure to support operations with the digital ruble, and companies must conduct payments. The regulator has sent this proposal to the Ministry of Finance of Russia.
The timeline for introducing the digital ruble into circulation has been proposed to be set depending on the revenue volume of companies. In particular, companies with revenue exceeding 30 million rubles must accept payments in digital rubles from July 1, 2025.
If a company has revenue exceeding 20 million rubles, the introduction of the digital ruble is shifted to July 1, 2026. The remaining companies will provide citizens with the opportunity to pay with the digital ruble from July 1, 2027.
Russian authorities launched a pilot project for the digital ruble in August 2023. Initially, 12 banks participated in it. Since September 2024, about 10,000 more participants have joined the pilot.
Read more on the topic:
Russians will be able to withdraw digital rubles from ATMs
Russians will be able to pay with digital rubles in 2025
Digital ruble in Russia will begin to be massively implemented in 2025-2027
