Russia to Roll Out Digital Ruble in 2025 with Transaction Monitoring

Jul 17, 2024, 11:25 AM

In 2025, Russia plans to fully roll out the digital ruble, a new form of currency that holds the same value as the traditional ruble. Each unit of the digital ruble has a unique code, which theoretically allows the Central Bank to monitor transactions, restrict its use, and seize assets. Russian President Vladimir Putin has emphasized the need to widely implement the digital ruble across various sectors of the economy.