Russia to Launch Digital Ruble in 2026 Despite Public Concerns

Russia is officially moving forward with plans to introduce its own Central Bank Digital Currency (CBDC), the digital ruble. The lower house of parliament has recently approved a bill that sets September 1, 2026, as the official rollout date for the digital currency.

However, even as the government pushes ahead, a new survey shows that most Russians are still unsure or unwilling to use it.

The Digital Ruble is Not a Cryptocurrency

The CBDC is a digital version of Russia’s currency. It will be created, issued, and controlled by the Central Bank of Russia. Unlike Bitcoin (BTC) or other cryptocurrencies, this currency will not be decentralized. 

The government will monitor every transaction, and the central bank will oversee its use. CBDCs, such as the digital ruble, are being explored by many countries. They aim to make payments faster, safer, and more efficiently. 

However, in Russia, people are not yet convinced. 

Most Russians Say No to Ruble Over Privacy Fears

A recent government-backed survey shows that more than half of Russians are not ready to use the digital ruble. According to the poll, 51% of people said they would not adopt it, while only 35% said they might try it. 

Many respondents stated that they did not see any significant benefits in switching to the e-ruble. Some of the biggest concerns include data privacy and the fear of government surveillance. Only 12% of those polled trust that their personal information would be safe. 

Just 8% are worried the government could track their spending, and only 7% of people said they fully understand how the system works. Despite these concerns, Russia is moving forward. The new law requires large businesses to accept digital ruble payments starting in 2026. 

Mid-sized companies will have until 2027 to comply, while smaller businesses must follow by 2028. However, there are some exceptions. Very small merchants and those without internet are exempt. 

The law also introduces a universal QR code payment system for easier digital payment. Lawmakers believe this system will help reduce payment fees and increase usage.

Russia Hits Pause on Digital Ruble Rollout Amid Banking Pushback

Initially, Russia’s Central Bank had planned to launch the digital ruble in July 2025, but the launch faced delays. Big banks, such as Sberbank, and many business owners raised concerns about costs and technical issues. As a result, the government pushed the launch date to 2026. 

Still, the Central Bank has been testing the digital ruble since 2023 through consumer pilot programs. Officials say the digital ruble will help Russia avoid relying on Western payment systems, especially important under current sanctions.

The bill still needs final approval from the Federation Council and President Vladimir Putin. However, these steps are expected to be completed without issue. Once approved, Russia will begin preparing for the full rollout in 2026.