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The hype of CBDC seems to be cooling since the past few quarters and most recently it has been reported that the Central Bank of Russia is now postponing the full fledged launch of its CBDC.
Digital rubble the central bank of digital currency of Russia is now expected to be launched in mid of 2026, currently the bank is facing a migration issue.
Frank Media reported on the possibility of delay of Russia’s CBDC launch, citing the undisclosed executive working with the Central Bank of Russia.
July 2025 to mid-2026, the Russian central bank to work on migration
Before this delay, the Central Bank was prepared to fully launch digital rubble by July this year, but due to some unwanted circumstances, the date of launch has been delayed to the middle of the coming year.
However, the exact launch of CBDC is yet to be announced by the central bank; some close sources say the bank is also facing a technical security concern.
Some people aware of the facts say that the CB of Russia is working closely with technical assistance firms and other security firms to migrate hassle free without any loss, further fully launching the CBDC.
The digital rubble of the nation is under the pilot phase with 2000 users and 50 businesses which was 30 during the initial announcement of the pilot phase.
In the wider market there are claims that growing adoption is becoming a curse the adoption, usage and launch of digital currency in Russia.
A few available reports note that the crypto user count in Russia is expected to reach 25 million by the end of 2025, with an average growth of 17.38%.
Per the most recent amendment a tax between 13 to 15% is charged over the amount obtained from the sale of cryptocurrencies. It is worth noting that nations like El Salvador, UAE and Singapore charge no taxes over crypto over a few percent.
Over the months and quarters, a major shift of crypto miners towards Russia has been observed, however greater penetration of miners in several states have faced severe power crises.
Crypto market price updates
As of writing the crypto market cap was $2.68 trillion with a loss of 1.23% in the past 24 and is down by more than 5.01% in the past 7 days . The fear and greed index continues to face rejection; it fell from 29 recorded on April 02, 2025 to 24 till publishing.
Bitcoin has been tumbling below the market of $90k and currently, it is at $83,456 with a 4.56% in a week and is down by 1.56% in intraday frame.
According to CoinMarketCap the intraday losers list has been topped by Official Trump followed by Bonk, Pancakeswap and Cronos.
