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Bank of Russia to Begin Pilot Testing Digital Ruble Transactions with 13 Banks

Thirteen banks in Russia, excluding Sberbank and Tinkoff, will participate in a pilot testing program for the digital ruble, a central bank digital currency approved by President Vladimir Putin in July. The testing will involve real-world transactions at 30 points of sale in 11 Russian cities. The pilot program aims to ensure that the infrastructure surrounding the CBDC is functioning and user-friendly before rolling it out for retail and business use.

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