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Russian Central Bank Governor: Digital ruble is used for national fund monitoring and will not force individuals to use it
Mars Finance News, according to Russian crypto media Bits.media,
The Governor of the Russian Central Bank, Nabiullina, stated at a press conference that the core purpose of the digital ruble is to automate the monitoring of government contract expenditures, replacing the current manual review process.
She emphasized that the digital ruble offers no difference in transparency compared to the existing cashless ruble, and monitoring individual payments is a “misunderstanding.”
Nabiullina also promised that the central bank will not force citizens to open digital ruble accounts or mandate their use, and plans to open public autonomous testing starting in September, guiding voluntary adoption through promotional advantages.
Previously, the Russian central bank had updated the rules for enterprises and individuals to open digital ruble accounts.