Putin confirms the integration of the digital ruble into the Russian federal budget system

ChainCatcher news, Russian President Vladimir Putin announced that Russia will integrate its Central Bank Digital Currency (CBDC)------the digital ruble into the federal budget system starting next year, with the goal of nationwide promotion by July 1, 2025.

Putin emphasized the ongoing efforts to improve corporate efficiency, highlighting infrastructure development aimed at reducing costs and streamlining operations. This initiative aligns with Russia's efforts to strengthen the ruble's position in international transactions. This move is part of the country's strategy to modernize its financial system and adapt to digital advancements, ensuring a seamless and cost-effective budget process.