Odaily Planet Daily News: The Central Bank of Russia recently shared its commercial model for the Central Bank Digital Currency (CBDC). By the end of 2025, all digital ruble transactions will be free, with the first banks and merchants expected to go live on July 1. The central bank plans to earn fees through operating the system. Meanwhile, at a hearing held last week in the State Duma of Russia, the Association of Russian Banks (ABR) expressed dissatisfaction among banks. They are concerned about potential outflows of bank deposits and the high deployment costs. It is reported that the Central Bank of Russia does not intend to limit the holdings of the CBDC. According to Info24, ABR Chairman Anatoly Kozlachkov stated that the setup cost for each bank is approximately 100 million rubles (1 million USD), while some banks have a capital of only 3 million USD.

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