The Central Bank of Russia (BoR) has unveiled the digital ruble’s logo and commission fees.
It has announced the official logo and commission fees of the Russian central bank digital currency (CBDC), developed by the Bank of Russia (BoR). On August 3, BoR unveiled its CBDCS, the corporate identity of the digital ruble. The logo, which is an international ruble symbol in a circle, takes place in red and white colors.
Commission fees noted
In addition to the logo promotion, the Board of Directors presented the commission fees for the different operations with the CBDC. All services will be free until the end of 2024, but from 2025, business-to-business transactions will cost 15 rubles (US$0.16) each. In addition, individuals will pay 0.3 percent of the total transaction amount when transferring to business accounts. For public services, this is 0.2 percent.
Attracting global attention with its steps towards CBDC, Russia has been a matter of curiosity about what moves it will make in the future. Focusing on the ditijal ruble for now, the country stated that it will strictly continue its activities on this issue.
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