Governor of the Central Bank of Russia: The digital ruble will be used for monitoring state funds and will not be mandatory for individuals

ChainCatcher news, according to Russian crypto media Bits.media, the Governor of the Central Bank of Russia, Nabiullina, stated at a press conference that the core use of the digital ruble is to achieve automated monitoring of government contract spending, replacing the current manual review process.

She emphasized that the digital ruble offers no differences in transparency compared to the existing cashless ruble, and that monitoring individual payments is a "misunderstanding." Nabiullina also promised that the central bank would not force citizens to open digital ruble accounts or mandate their use, and plans to open public access for voluntary experience starting in September, promoting voluntary adoption through highlighting its advantages. Previously, the Central Bank of Russia updated the relevant rules for companies and individuals opening digital ruble accounts.