Russia Hits 270,000 Digital Ruble Accounts in Rapid CBDC Launch

At a press conference, Elvira Nabiullina, Governor of the Central Bank of Russia, said interest in the Russian central bank digital currency was higher than expected, and that the institution is monitoring the situation and planning to launch new services to encourage adoption. The Central Bank of Russia has reached a milestone in deploying its central bank digital currency (CBDC), which launched nationwide on September 1. At a press conference after a central bank board meeting on monetary policy, Elvira Nabiullina, Governor of the Central Bank of Russia, revealed that the digital ruble adoption was progressing rapidly, with account numbers reaching levels not anticipated. “The level of interest turned out to be much stronger than expected,” Nabiullina said, acknowledging that maybe the bank’s expectations were quite modest.

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