Russia's Central Bank, banks begin testing digital ruble platform, conduct first transfers

MOSCOW. Feb 15 (Interfax) - The Central Bank of Russia (CBR) and market participants have begun testing the digital ruble platform and have conducted the first transfers in this form of funds between citizens, the regulator said in a statement.

The prototype of the digital ruble platform was created in December 2021, Central Bank First Deputy Governor Olga Skorobogatova said at the time, stating that pilot operations were scheduled to begin in January 2022.

Twelve banks are participating in testing the digital ruble platform.