Russian banks are currently testing the new digital currency of the national bank. This will be fully programmable money: it will be possible to freeze any amount on the wallet at the program level or set payment for only certain goods and services.
Promsvyazbank announced at the end of the summer that a function was added to the application for iOS and Android for making transactions with the cryptoruble.
An application for testing the currency was submitted by several large banks at once - Rosselkhozbank, Moscow Credit Bank and the Lighthouse financial ecosystem.
The platform for working with cryptoruble will contain wallets for storing assets. Wallets are controlled by a database and a regulator. Coin holders will be able to carry out financial transactions by using their assets, as well as create smart contracts on the blockchain.
Banks guarantee complete security when using the cryptoruble. Even if the participant loses access to the account, he will be able to restore it, keeping his funds. It is planned to fully launch work with the cryptoruble in 2024.
Previously, news appeared that Hong Kong wants to allow retail investors to trade digital assets.
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