Macro· ★★· neutral·

Bank of Russia Says Digital Ruble Not Competitive Without Offline Payments

  • —Chistyukhin: offline mode would be the digital ruble's key competitive advantage
  • —The central bank has not set a date for cash withdrawals from digital wallets via ATMs
  • —38% of Russians chose cash as their preferred savings format in September
  • —Sber says there is no strong public demand for the digital ruble
Why it matters: The central bank's doubts signal slow adoption of Russia's CBDC and weak user interest ahead of its mass rollout.
Source: BitNovosti
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