Russian Central Bank Governor: Digital rubles will be used to strengthen state oversight of money flows.

Central Bank of Russia Governor Elvira Nabiullina stated that the launch of the digital ruble is indeed aimed at strengthening state oversight of fund flows, particularly in areas such as government contract spending, by enhancing transparency and automating review processes. She emphasized that the digital ruble is not intended for monitoring everyday payments between individuals, calling the claim that "the government wants to control personal payments" a misunderstanding. Nabiullina pointed out that from a transparency perspective, there is no fundamental difference between residents using the digital ruble and existing cashless ruble transactions. However, as a third form of national currency, the digital ruble will help reduce manual review processes and automate some regulatory processes. She also reiterated that the Central Bank of Russia will not force citizens to open digital ruble accounts or require them to use the digital ruble; instead, it will promote its convenience and open trials starting in September to encourage voluntary adoption. (bits.media)