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Anatoly Aksakov, the top of the Russian parliament’s Financial Markets committee, had some excellent news for blockchain fans in Russia. consistent with Aksakov, there are “no anti-blockchain voices” within the government and he believes that a digital ruble pilot will start in 2021.

During a panel persisted October 21 as a part of the Blockchain Life 2021 conference, the policymaker said that the financial institution had already started consultations on the feasibility of launching ‘cryptoruble’ pilots. He considers it “the way forward for all our money circulation.”

Local media reports have acknowledged the likelihood of seeing a digital ruble in circulation in late 2021, which might be used on DLT platforms, and businesses might be ready to leverage it to trace goods and payments.

As Cointelegraph reported on October 16, a minimum of five Russian banks have an interest in participating in Russia’s non-public digital ruble pilots within the half of 2021.

The list of banks includes state-backed Promsvyazbank, the Credit Bank of Moscow, full service bank Zenit, mortgage bank Dom.RF, and Crimea’s Russian National full service bank .

However, Aksakov clarified that the Russian government draws a transparent distinction between blockchain and cryptocurrency. For blockchain, he calls it the “technology of the longer term ,” except for crypto, he commented: