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Russia’s Digital Ruble Readies for Launch | Business and Finance News
Description
Russia’s digital ruble is set to go mainstream by September 1st, with major banks and retailers ready to accept it—thanks to years of groundwork since President Putin signed it into law. While public enthusiasm remains low, the central bank plans to incentivize use with a tiny commission per transaction. Meanwhile, the U.S. debates its own CBDC, with lawmakers and crypto advocates warning of surveillance risks, as a Senate ban bill moves forward and similar proposals surface in housing legislation. Globally, nations are diverging on digital currency adoption—Russia’s pushing ahead, others still weighing the costs.
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