Bearus is developing plans to provide its digital currency to the Central Bank (CBDC). According to the President of the National Bank, Roman Golovshenko, the digital Robo is expected to enter full circulation by the last half of 2026, according to government media. belt.
Golovchenko emphasized that the development of the digital rally is a top priority for the central bank and insisted that money security and follow it is of utmost importance. He described this as “coloring” money, which enabled the state to monitor the movement of digital assets throughout the financial system.
The road map for digital ruble includes three main stages: designing the platform structure, developing royal programs, and creating an organizational framework to control its operation.
The operation with companies is scheduled to start in 2026, followed by government entities and the general public in 2027. Golovchenko indicated that the digital ruble imagines to play an important role in border border payments, where Bearus works closely alongside Russia, which is also following the CBDC initiative.
The Belarusian Center for Banking Technologies began developing the digital ruble platform earlier this year, as the open source Hyperledger fabric group chose it as a basis. This strategic choice is compatible with Belarus with a broader trend between central banks, including Russia and Brazil, which takes advantage of HyperLedger for its CBDC projects. The initial focus of the platform is on the basic functions, with plans to expand in a broader range of financial services.
The CBDC initiative creates independent financial channels
Puscent of Belarus towards the digital ruble is partly driven by the need to adapt to the adoption of the increasing cryptocurrencies and the impact of international sanctions. CBDC provides countries like Bearus and Russia to create independent financial channels and reduce their exposure to external economic pressure.
Digital rubles aims to complete the cash and current electronic shapes of the Belarusian ruble, providing an additional layer of the state currency issued by the state.
In parallel, Russia faced delays in its introduction of digital robos. Cryptoslate recently reported that the Russian Central Bank has postponed the full range CBDC launchExtending the experimental stage indefinitely due to technical and operational challenges.
The Russian pilot, who started in August 2023 with 12 participating banks, focused on the creation of the portfolio, transfers, and automatic payments, but faced obstacles that prompted the central bank to determine more improvements before collective adoption.
Belarus’s commitment to digital innovation is not new. The country adopted comprehensive The legal framework of encrypted currencies In 2018, providing simplified accounting standards and facilitating corporate encryption transactions. This organizational basis was placed in Belarus as one of the most advanced countries in the region with regard to digital assets.
