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The Central Bank of Russia will implement incentives to encourage the use of the digital ruble for payroll disbursements.

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ME News, June 25 (UTC+8), the Central Bank of Russia announced it will provide economic incentives to encourage the use of the digital ruble for salary payments. Starting January 1, 2027, commercial banks will receive a reward of 0.67 rubles for each enterprise payment of wages or other labor contract payments made to employees using the digital ruble, with a minimum reward of 10 rubles per instruction list. According to the central bank's design, if an enterprise pays digital ruble wages to 10 employees, the bank receives 6.7 rubles in reward, and the central bank will supplement it to the minimum of 10 rubles; if 20 employees are involved, the reward is 13.4 rubles. Meanwhile, the central bank also approved the service fee rates for the digital ruble platform. From the beginning of 2027, the handling fee for each instruction for enterprises transferring money to individuals is 1 ruble, with a minimum charge of 15 rubles per instruction list. Earlier, central bank governor Nabiullina stated that the digital ruble aims to achieve state monitoring of fund operations such as government procurement contracts, while denying that the government will monitor payments between individuals, and promising that the use of the digital ruble will not be mandatory. (Source: ChainCatcher)
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