The Central Bank of Russia is testing the smart contract functionality of digital ruble in Tatarstan
News on March 18th, the Central Bank of Russia has invited the Republic of Tatarstan to assist in testing the smart contract functionality of the digital ruble. The Ministry of Finance of Tatarstan has established a working group that will use the central bank's testing platform for conditional targeted expenditure experiments, with tests expected to conclude in the third quarter of 2025.
A month earlier, the Russian Central Bank had "indefinitely postponed" its nationwide promotion plan for digital rubles originally scheduled for August this year, but this test indicates that the digital ruble project is still underway. Central Bank Governor Elvira Nabiullina stated that a new launch date would be announced later.
Meanwhile, Moscow Metro also announced an expansion of its digital ruble pilot program and is cooperating with VTB Bank and Central Bank to test recharging Troika smart cards using digital rubles. These developments are similar to China's Digital Yuan pilot projects; however, Russia previously stated one main function of their digital Ruble was facilitating cross-border payments between Russian businesses and other countries using digitized legal tender.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
A smart money address earns $1.28 million on Mubarak and profits over $300,000 on TUT
Trending news
MoreCrypto prices
More








