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- Russia is going ahead with plans to pilot a digital version of the ruble.
- The central bank is trying to boost the currency after an 18% slide against the dollar this year.
- Many countries, including China, India, and Japan, are working on digital currency pilot projects.
Russia's plans to introduce a digital ruble are gaining momentum as it turns to increasingly unorthodox strategies to revitalize its struggling economy.
Legislation for a digital currency was approved by upper house of parliament on Wednesday and a pilot scheme could start as early as August, Bloomberg reported.