At a meeting of the Association of Russian Banks, the Governor and Deputy Governor of the Central Bank of Russia provided an update on the latest developments of the digital ruble. So far, 25,000 transactions have been conducted, with 19,000 of them being person-to-person payments and the rest involving consumer-to-business payments, with approximately 3,500 payments involving smart contracts. Central Bank Governor Elvira Nabiullina added that testing is progressing as planned. Currently, 19 banks, including Russia's largest bank Sber, have conducted trials, but expansion is still needed. In terms of functionality, the central bank will introduce dynamic QR code payments, support online payments, and transfers between businesses. It also plans to develop smart contract functionality. Elvira Nabiullina also said that the progress of regulated digital assets (DFA) in Russia is smooth, and legislation allowing DFA to be used for cross-border payments has been passed by the State Duma.