Bank of Russia Plans Prototype for Its Digital Ruble Design in December

The digital ruble will live in a hybrid technological platform combining distributed ledger technology and centralized control by the central bank.
The Bank of Russia presented a new concept for the digital ruble, a central bank digital currency the regulator has been contemplating since late last year, at a press conference on Thursday.

A prototype of the digital ruble will be created by this December, said Bank of Russia First Deputy Governor Olga Skorobogatova. The regulator also published a fresh report on the current state and future plans for the project.