Close Menu
  • Home
  • Crypto News
    • Bitcoin
    • NFT News
  • Metaverse
  • Defi
  • Blockchain
  • Regulations
  • Trading

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Can Elon Musk Grok AI Be Right About This Scary 2026 XRP Price Prediction?

June 4, 2026

Sam Altman ChatGPT AI Predicts Wild Bitcoin Price by End of 2026

June 4, 2026

Bitcoin’s selloff is creating the short-heavy setup that could reverse it fast

June 4, 2026
Facebook X (Twitter) Instagram
CredBit.com
  • Home
  • Crypto News
    • Bitcoin
    • NFT News
  • Metaverse
  • Defi
  • Blockchain
  • Regulations
  • Trading
Facebook X (Twitter) Instagram
CredBit.com
Home » Russia Central Bank Dismisses CBDC Biometrics Link
Crypto News

Russia Central Bank Dismisses CBDC Biometrics Link

September 19, 20232 Mins Read
Facebook Twitter WhatsApp Pinterest Telegram LinkedIn Tumblr Email Reddit VKontakte
Russia Central Bank Dismisses CBDC Biometrics Link
Share
Facebook Twitter LinkedIn Pinterest Telegram Email
Source: vinitdeekhanu/Adobe

The Russian Central Bank says that its CBDC, the digital ruble, “has nothing to do with” state efforts to collect biometric data.

The bank began piloting its CBDC just over a month ago in 11 cities nationwide.

Russian MPs last year voted in a law that allows banks and state agencies to collect biometric data on their clients.

This data includes facial scans and fingerprints.

This gave rise to the Unified Biometric System (UBS), which the Kremlin and banks will use as a national digital remote identification platform.

A Russian man submits biometric data to the Unified Biometric System (UBS) database.
A Russian man submits biometric data to the Unified Biometric System (UBS) database. (Source: Pyerviy Kanal/Screenshot)

But the two projects appear to have been conflated by many observers.

And that has given rise to a spate of digital ruble and biometrics-themed fraudsters.

Last month, multiple regions warned that their citizens had been targetted with emails and phone calls from apparent scammers.

Many of these alleged scammers asked potential victims to submit biometric data in order to convert their cash ruble savings to CBDC tokens.

Per the state-run TV network Channel One (Pyerviy Kanal), Elvira Nabiullina, the Governor of the Russian Central Bank, said that the digital ruble “has nothing to do with biometrics.”

Elvira Nabiullina, the Governor of the Russian Central Bank, speaking about the digital ruble project at a press conference on September 15.
Elvira Nabiullina, the Governor of the Russian Central Bank, speaking about the digital ruble project at a press conference on September 15. (Source: Tass/X)

Nabiullina added:

“Biometrics and the digital ruble are two projects that are absolutely unrelated to each other. The use of the digital ruble does not involve the mandatory use of biometrics. Both projects – the UBS biometrics submission and the use of the digital ruble – are completely voluntary. This is our principled position on the matter.”

Russian CBDC & Biometric Data Projects Not Linked, Bank Claims

Nabiullina also noted that while “submitting biometric data” was “a voluntary decision for Russian citizens,” over 50 million people had come forward to hand over their data thus far.

The Deputy Head of the Russian Ministry of Digital Development’s Digital Identification Technology Department, Yuri Shabano, claimed that “less than 1%” of people had thus far “refused” to submit their biometric data.


Credit: Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Reddit VKontakte Telegram WhatsApp

Related Posts

Can Elon Musk Grok AI Be Right About This Scary 2026 XRP Price Prediction?

June 4, 2026

Sam Altman ChatGPT AI Predicts Wild Bitcoin Price by End of 2026

June 4, 2026

Hyperliquid Is Outperforming Solana on Price, But Can a Perps DEX Actually Flip a $38 Billion Network?

June 4, 2026

Ripple XRP Just Crashed to a Multi-Month Low on Its 14th Birthday

June 4, 2026

Bitcoin News: BTC USD Just Hit Its Lowest Level Since February

June 4, 2026

XRP News Today: Ripple-Backed Firm Claims Real Banks Are Already Using XRP Daily

June 4, 2026

Comments are closed.

Editors Picks

Can Elon Musk Grok AI Be Right About This Scary 2026 XRP Price Prediction?

June 4, 2026

Sam Altman ChatGPT AI Predicts Wild Bitcoin Price by End of 2026

June 4, 2026

Bitcoin’s selloff is creating the short-heavy setup that could reverse it fast

June 4, 2026

Ethereum treasury giant offers 9.5% payout as BitMine paper losses top $8.5 billion

June 4, 2026
© 2026 - credbit.com - All Rights Reserved!
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Use
  • DMCA

Type above and press Enter to search. Press Esc to cancel.