CoinVoice has recently learned that, according to Ledger Insights, the Central Bank of Russia has shared its business model for the Central Bank Digital Currency (CBDC). By the end of 2025, all digital ruble transactions will be free, and the first banks and merchants are expected to go live on July 1. The central bank plans to earn fees by operating the system.
Meanwhile, at a hearing held last week in the State Duma of Russia, the Association of Russian Banks (ABR) expressed dissatisfaction. They are concerned about the potential outflow of bank deposits and the high deployment costs.
It is reported that the Central Bank of Russia does not intend to limit the holding amount of CBDC. According to Info24, ABR Chairman Anatoly Kozlachkov stated that the establishment cost for each bank is about 100 million rubles (1 million USD), while some banks have a capital of only 3 million USD. [Original link]
