The Bank of Russia intends to present a prototype of the platform for the digital ruble by the end of the year and in 2022 after the platform is finalized, to begin testing the currency, said Deputy Chairman of the Central Bank Alexey Zabotkin, reports Prime
“By the end of the year, hopefully, we will be able to present a prototype of the digital ruble platform – some technological platform that can be touched but will not be possible to make real transactions yet. Next year, based on this prototype, taking into account its revision we will already be launching testing rounds,” said Alexey Zabotkin, speaking at an online meeting organized by NES.
The regulator presented the idea of the digital ruble in mid-October last year. It is assumed that it will be in the form of a unique digital code, which is stored in a special electronic wallet, and will be a full-fledged means of payment along with a regular ruble. By April 1, the regulator must prepare a concept for the selected model of the digital ruble.
The head of the Bank of Russia Elvira Nabiullina said that in addition to testing and experiments with the digital ruble, it will be necessary to amend the legislation.