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Russia Advances Digital Ruble Integration for Budget Payments
Russia Advances Digital Ruble Integration for Budget Payments
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BTCCSquare news:
Russia's Federal Treasury will begin accepting budget revenues in the digital ruble starting January 2026, marking a significant step in the country's CBDC adoption. Treasury head Roman Artyukhin confirmed the timeline during a meeting with Prime Minister Mikhail Mishustin, noting that initial pilot payments have already been processed this year.
The full-scale implementation will extend to all state budget transactions by July 2027. This MOVE positions Russia among the first major economies to integrate a central bank digital currency into its fiscal infrastructure. The Treasury's evolution from a Finance Ministry subdivision to an independent federal service mirrors the technological modernization of Russia's financial systems.
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