The Central Bank of the Russian Federation intends to develop a roadmap for the digital ruble this year – Bits Media

The first deputy chairman of the Bank of Russia Olga Skorobogatova said, that the Central Bank is ready for full testing of the digital ruble within the country and in international economic relations.

According to her, The Central Bank should gain practical experience during testing state digital currency. At the same time, for the effective launch of the digital ruble, legislation is required to be updated.

“We, in a good sense of the word, have to hit the bumps. Testing on real operations will give us the opportunity to understand, what needs to be tweaked and brought to mind, what to improve, what to change", – says the first deputy chairman of the Central Bank.

People are now taking part in testing the digital ruble platform 12 banking organizations, and three more banks express a desire to join the pilot project. The Central Bank also received a number of applications from non-financial organizations.

Skorobogatova noted, that the bulk of financial organizations, participating in testing, moving at a "satisfactory speed", which makes it possible to launch a digital ruble according to the adjustments to the Central Bank’s plans and begin tests on real operations and real clients in April 2023 of the year, and not in 2024 year.

According to her, a roadmap for integrating the Central Bank's digital currency into the global economy will be developed by the end of this year. During the pilot project, the possibility of carrying out international transactions of the digital ruble with state digital currencies of other countries will be tested., which will allow Russia to increase global financial independence.

"In my opinion, national digital currency will appear in all self-respecting states within three years. And we will need to build cross-border interaction in this direction as well.”, Skorobogatova said.

Recently, Vnesheconombank proposed creating a government stablecoin backed by gold., probably, based on version, that US authorities are considering USDC as a potential digital dollar.