The Bank of Russia will test the digital ruble during 2022 of the year – Bits Media

The Central Bank of the Russian Federation will begin testing the digital ruble in 2022 year. Based on the testing results, a decision will be made to continue the project.

According to publication
TASS with reference to the first deputy chairman of the Bank of Russia Olga Skorobogatova, Central Bank will allocate for Testing a digital ruble the next year, After which the regulator will determine the road map for the further implementation of the project.

“For the whole stage of testing, we intend to spend a year, All 2022 year. And only according to the test results we will understand, What is a roadmap on the introduction of the target platform will be implemented and at what timelines ", – Olga Skorobogatova said at a press conference.

According to
document of the Bank of Russia, describing the concept and plan development plan, by December 2021 a prototype of the digital ruble platform will be created a year, And the development of amendments to the legislation is planned until January 2022 of the year. Testing the digital ruble will begin in the first quarter 2022 of the year. The Central Bank plans to use the hybrid architecture of the digital ruble platform, consisting simultaneously of the components of a centralized system and a distributed registry.

According to Olga Skorobogatova, solutions for the prototype of the digital ruble have not yet been created, And the development will be conducted inside the Bank of Russia. Besides, There is no solution for offline transfers yet, which are also provided for by the concept.

At the next stage of the project, The Central Bank plans to establish unified rules and tariffs for operations in digital ruble. According to the preliminary decision, Translations between individuals will be free. At this stage, the establishment of limits on digital wallets of citizens and business is not planned.

Deputy Chairman of the Central Bank Alexei Zabotkin also commented on the initiative. He does not exclude, that at the stage of introduction of a digital ruble there may be a limitation, associated with the volume of digital wallets and the need for gradual release of digital currency. According to Alexei Zabotkin, digital ruble will become a universal payment tool. for instance, Central Bank allows the possibility of using it to pay for taxes.

“It is possible, that the digital ruble will be accepted even for tax payments. In this sense, it will be more universal payment, than cash ", – Said Zabotkin.

Deputy Chairman of the Bank of Russia also explained, Why the Central Bank does not plan to add the possibility of accruing interest on the remaining in digital rubles. According to him, This is a means of payment, and it should not become an alternative tool for savings, In this regard, the accrual of interest is an unjustified measure.

In March, Anatoly Aksakov called
Drive the Law on CSF Cryptocurrency, stablecoins and digital ruble. At the end of last year, Olga Skorobogatova said, that the emergence of a digital ruble will help companies and citizens of Russia in making payments, and will reduce the costs of such operations.