Regulation· ★★★· neutral·

Digital ruble debuts on St. Petersburg trams as Duma backs cross-border settlements

  • —Digital ruble payment is available on all cars of tram No. 24 in St. Petersburg
  • —Passengers scan a QR code on the validator and confirm payment in an app
  • —A Duma committee backed a bill on FX operations with digital rubles
  • —The Bank of Russia board will decide which operations and firms get access
Why it matters: Expanding the digital ruble pilot to transit and cross-border trade accelerates CBDC adoption in Russia.
Source: BeInCrypto RU