The Central Bank of Russia: The core of the digital ruble is to monitor state contract spending; individual use is voluntary.

PANews reported on April 25th that, according to Russian crypto media Bits.media, Russian Central Bank Governor Nabiullina publicly stated that the core role of the digital ruble is to automate the supervision of national contract spending, replacing the traditional manual review model. She clarified that the digital ruble maintains the same transparency as the existing non-cash ruble, and that claims about it monitoring personal daily payments are a misunderstanding. The Central Bank of Russia has made it clear that it will not force the public to open digital ruble accounts and related payment services; adoption will be voluntary, with plans to open trial access to the public in September this year, promoting adoption through positive guidance. Previously, the Central Bank of Russia had completed updates to the rules for opening digital ruble accounts for businesses and individuals, paving the way for its full-scale implementation.

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Author: PA一线

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