Russia to Fully Launch Digital Ruble by 2026
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 08 2026- Digital Currency Introduction: Russia has begun large-scale implementation of the digital ruble in its budget system and banking sector, with a full launch expected in September 2023, marking a significant transformation in the national currency system.
- Phased Implementation: According to the law, by September 1, 2026, major banks and retail companies with annual revenues exceeding ₽30 million must support digital ruble transactions, which is expected to drive modernization of the financial system.
- Transaction Fee Waiver: The Bank of Russia has decided to waive transaction fees for citizens and companies making tax payments using digital ruble accounts, a policy that commenced last week, aimed at promoting the use of digital currency.
- Market Competition Impact: Analysts indicate that the digital ruble will pose serious competition to existing payment systems like the MIR card, potentially leading to a 7% to 9% annual decline in the domestic card market, impacting financial stability.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
