The Central Bank of Russia has published the results of its discussion paper on a National Digital Infrastructure of the Financial Market, reporting that market participants generally supported its proposed criteria for deciding which infrastructure components should be created by the government versus by businesses. Feedback also highlighted the need to further develop the infrastructure’s parameters and timelines, and to clarify next steps. Participants reiterated demand for an infrastructure that is transparent and equally accessible, with consultations focusing on areas including services based on the Faster Payments System, the digital ruble, and Open APIs. Further deliberations, including on initiatives proposed by the Central Bank of Russia, government authorities, and businesses, will take place at the Advisory Board for Financial Market Digitalisation under the Bank of Russia Governor.
Central Bank of Russia 2026-03-31
Central Bank of Russia finds broad market support for criteria on who should build national digital financial infrastructure
The Central Bank of Russia published feedback on its paper on a National Digital Infrastructure of the Financial Market, noting broad support for its criteria on which components should be developed by the state versus businesses. Respondents called for more detail on infrastructure parameters, timelines and next steps, and stressed the need for transparent, equally accessible infrastructure, including for services based on the Faster Payments System, the digital ruble and Open APIs. Further deliberations will continue at the Advisory Board for Financial Market Digitalisation.