The Bank of Russia has approved new regulations allowing banks to block digital ruble transactions for up to two days in case of fraud, starting on February 23, 2025. This move aims to strengthen defense against scams in the emerging Russian CBDC environment. Under the new rules, banks must inform customers of potential fraud within 24 hours of a digital ruble transaction. If no response is received, the funds will be held in the customer's electronic wallet. This measure aligns with conventional payment system practices to ensure compliance with various transaction types. The Central Bank of Russia's proactive approach demonstrates its commitment to safeguarding citizens and organizations in the evolving digital financial landscape. The gradual integration of the digital ruble across Russia is planned for mid-2025, following successful pilot projects. The Bank of Russia clarified that the digital ruble will complement, not replace, existing ruble currencies, reflecting a balanced approach to digital currency adoption. Read more AI-generated news on: https://app.chaingpt.org/news

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