Macro· ★★· neutral·

Bank of Russia to simplify cash withdrawals from digital ruble wallets

  • —CBR aims to allow direct ATM cash withdrawals from digital ruble wallets
  • —Currently users must first transfer funds to a regular bank account
  • —Aksakov forecasts up to 3% adoption among account holders by 2027
  • —Digital ruble accounts opened Sept 1, but apps work only on Android
Why it matters: Easier cash-out could boost the practical use of the digital ruble, though demand remains low so far.
Source: BitNovosti
More on this
Macro · 19:21
Survey: 8% of Spaniards Trust Bitcoin More Than the US Dollar
 Macro · 18:50
Russia's Central Bank to Open Digital Ruble Accounts to Citizens Aged 14 by End of 2027
 Macro · 18:47
Arthur Hayes warns of hidden AI debt and insolvency risk at US insurers