Russia’s Sber, the operator of Sberbank, says it will join the Central Bank’s digital ruble pilot, in a major coup for the nation’s CBDC. The firm is majority-owned by the Russian state and is the largest bank in the country. It has also rebranded itself as a major tech player in recent years, operating the Okko streaming service and the taxi operator Citymobil. The Central Bank was rocked by Sber’s eleventh-hour withdrawal from the first stage of the pilot in August this year. The Central Bank has already confirmed that 16 banks will be added to the pilot early next year, joining an existing group of 13. The Central Bank is yet to release the full list of financial firms that will join the pilot in 2024.
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