The Bank of Russia said on August 30 that it was expanding its central bank digital currency (CBDC) pilot programme.

The bank said the new phase, which started on September 1, would involve “up to 9,000 people and 1,200 companies” – a marked increase on the 600 people and 22 firms that took part in the previous stage.

It said the latest phase would enable dynamic QR code payments and business-to-business transfers. It added that testers had already been able to deposit money into CBDC accounts

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