Bank of Russia to Debut Digital Ruble Pilot on August 9!

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The Bank of Russia has announced that it will hold a press conference on August 9 at 11:00 a.m. Moscow time to disclose the beginning of the pilot operations with real digital rubles. The announcement is a significant step toward the country’s central bank’s digital currency vision. The Bank of Russia has been working on developing and testing digital rubles, which would enable fast and secure transactions. This new system is set to become the backbone of the country’s financial system, further cementing Russia’s stance on the global stage.