Central Bank of Russia seeks delaying CBDC’s launch until mid 2026. Years due to migration issue: report

The Bank of Russia allegedly pushes the laundry of digital laundry in the middle of 2026. Year how banks face obstacles in migrating from foreign software in the middle of sanctions.

RussiaCentral Bank, Bank of Russia, considers the disposal of full launch Central Bank Digital Currency – known as digital laundry – until mid-2026. years, because banks are expected to face the challenges of technical migration, in accordance with Frank Media report Referring to unnamed organic leaders.

The Bank of Russia initially planned to carry out CBDC for mass use by July this year, but later decided to further push the date to be further pushed away. The head of the Central Bank Elvira Nabiullina said in February to launch later, but did not determine when or the reason for the delay.

Now, the sources say that one of the reasons for the difficulty in transition from foreign database solutions as if not everyone successfully migrated from the Oracle, a database, which banks use for storing and managing huge amounts of data.

Another banking executive has mentioned concerns about technical security and to function a digital laundry during the power failure. Despite the delay, officials say the pilot program is still on the way.

The Central Bank official told the Russian Economic Forum at the beginning of April that the functionality of the platform is expected to be expected and no major problems have been expected. They also mentioned that the number of pilot participants increased, and individual users increasing with 500 to 2,000 and companies that increase from 30 to 50.