The Bank of Russia has created a target group of 12 banks to test the digital ruble – Bits Media

The Central Bank of the Russian Federation has formed a working group from 12 banking, which will participate in the development of a platform for a digital ruble. Testing will begin in January 2022 of the year.

The first pilot group included the following banks: Ak Bars Bank, Alfa-Bank, Bank Dom.rf, Bank VTB, Gazprombank, Tinkoff Bank, Promsvyazbank, Rosbank, Sberbank, SKB-Bank, Bank SOYUZ and TKB Bank. In the future, it is planned to increase the number of project participants.

The development of the prototype of the platform will be completed by December, And already in January 2022 testing of a digital ruble will begin a year. Next year, a plan for its implementation will also be developed, depending on the test results. Besides, in 2022 the government will develop legislation, providing for the use of state digital currency in Russia.

According to the press release of the Central Bank of the Russian Federation, The concept of a digital ruble is a two -level retail model. Digital ruble will be able to use as physical, So and legal entities. The release of digital rubles will occur on a special platform, Like the opening of digital wallets to financial organizations and the Federal Treasury.

In turn, Banks and financial enterprises will be able to open and replenish the wallets of their customers through the platform, as well as conduct calculations in digital rubles. As for the Federal Treasury, It will be able to transfer digital rubles from its wallet to the account of budget organizations.

“Digital ruble will create a new payment infrastructure, which will increase the availability of payments and make them cheaper. The ruble will have three forms: Cash, Cashless and digital. It is important to ensure a smooth transition of the ruble from one form to another. Therefore, a working group of banks was formed, ready to set up their systems in technical and technological terms, To prepare for testing ", – said the first deputy chairman of the Bank of Russia Olga Skorobogatova.

Earlier, Deputy Chairman of Sberbank Anatoly Popov said, that a digital ruble can lead to an outflow of money from commercial banks, And this will lead to an increase in interest rates on loans and deposits. However, the chairman of the Bank of Russia Elvira Nabiullina denied his fears.