Who will issue digital rubles
The digital ruble will become the third form of money along with cash and non-cash rubles. The Central Bank will create a special platform for settlements through the digital ruble. People and companies remain clients of banks, but they will become intermediaries and will carry out customer orders to open wallets in digital rubles and to make payments through the Central Bank platform. Through it, the regulator will issue the digital ruble, open wallets for clients (each of them will have two – for online and offline settlements) and banks, execute customer orders that will come through banks, and conduct operations on the platform by banks.
Bank customers will be able to access the digital ruble from a mobile application of any bank. For offline settlements, a second digital wallet will be created on a mobile device.
The Central Bank intends to complete the development of a prototype platform for the digital ruble in December this year, and begin testing in January 2022. The first group of the pilot project included 12 banks.
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