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Bank of Russia to Launch Digital Ruble Payment System by July 2025

  • The Bank of Russia aims to launch the payment infrastructure for the digital ruble by July 2025.
  • The system will be implemented first for large banks and gradually for other financial institutions.
  • Stores will be required to accept digital rubles, and small enterprises will follow suit in the next two years.
  • The digital ruble is expected to reduce transaction costs, enhance efficiency, and offer flexibility in payment options.

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