Digital Rouble Tests By Next Year : Russian Cenbank Governor

Head of Russian bank confirmed that they will run a test for the Digital Rouble in 2022. It will be fast and cheap to use.

Bloomberg reported the news, the governor of the central bank of Russian, Elvira Nabiullina, announced the test of Digital Rouble coin by next year. 

According to her, the government Financial institution of Russia is ready for the trial. Currently a project on Digital Rouble is in development.

Since this news has already come in popularity when u today reported a similar kind of news regarding digital Rouble run test by April/May by next year. But that was not 100% confirmed by the officials. 

That time news came from the Internal sources and there was no official evidence regarding this news.

And also at that time Nabiullina stated that Bitcoin and other Cryptocurrency assets are not issued by the government institutions or any government authorities. They may be highly risky. 

And she also warned people to buy Bitcoin. Since she wasn’t warned for any punishment but she tried to explain that it is risky to invest In Cryptocurrency.

CBDCs On Blockchain Technology

In the beginning of early June Russian authorities stated that o CBDCs are the future of Russian financial system. 

Other countries are also trying to develop their CBDCs, mainly China.

Opposite of this Swiss bank stated that they will not use Blockchain Technology right now because that is not efficient for the current financial system. But still they will try to use some features of Blockchain technology in future.

See this full report on Swiss banks on CBDCs here.

Many crypto experts believe that these countries will take time to understand the potential because not every country’s government can be equally knowledgeable to understand technology and the future. 

Not every country can be America and not every state can be El Salvador.

Read also: El Salvador Bought Estimated $135,000,000 Worth of Bitcoin