Transfers of digital rubles between individuals in Russia are planned to be made free of charge; commission may be charged for paying for goods, said the first deputy chairman of the Central Bank Olga Skorobogatova.
The Central Bank will make free transfers of digital rubles
The Central Bank planned to present a prototype platform for the digital ruble by the end of 2021, and start testing the currency in 2022. Ms. Skorobogatova confirmed these terms, specifying that with the implementation of the project it is necessary to “move very carefully”, reports Kommersant.
At the first stage, the regulator plans to test operations with the digital ruble “for the simplest payments and transfers” – in particular, transfers between individuals and from an individual to a legal entity.
Preliminary, the Central Bank expects that transfers between individuals should be free. “From the point of view of transfers that are made to pay for goods and services, the commission can be set, but no more than it is currently set in the fast payment system (FPS),” Skorobogatova added to Interfax. At the moment, the commission in the SBP is from 0.4 to 0.7%.
Skorobogatova also noted that the Central Bank does not plan to set limits on balances in the digital ruble.
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