The Russian cardinal bank continues to disclose more details about its upcoming digital currency and is now reportedly planning to take commissions for the digital ruble transactions.

The fees for Russia'southward key banking concern digital currency (CBDC) transactions will be lower than those of wire transfers, Depository financial institution of Russian federation's manager of financial technologies section Kirill Pronin reportedly said.

Pronin elaborated that the CBDC transactions' commissions will not be college than those implemented within Russia's Faster Payments System (FPS), a service that lets individuals brand instant interbank transfers, the local publication Prime reported Wednesday.

The FPS system was launched in 2022, assuasive users to transfer up to 100,000 rubles ($i,360) with zero commissions. For transfers beyond this amount, the system charges a 0.5% fee of the transfer amount, but no more than 1,500 rubles ($20) per i transfer.

Every bit previously reported, the Russian central bank plans to launch the first airplane pilot tests for a digital ruble in early 2022. The digital currency is designed to act as a tertiary form of money aslope cash and non-cash; the potential reduction in the cost of payment services has been touted as ane of its central benefits.

Bank of Russian federation's governor Elvira Nabiullina believes that adopting CBDCs should serve as a skillful option for governments to supplant private cryptocurrencies like Bitcoin (BTC). The official reportedly argued that a "responsible government should not drive the adoption" of crypto, speaking before the Russian State Duma on Thursday.

Nabiullina blasted crypto for allegedly being bearding and not being backed past anyone, stating:

"We maintain an extremely negative stance on cryptocurrencies equally individual currencies that merits to be money. But equally people need alternatives, we should work on this with the assistance of our projects. Nosotros should develop the digital ruble every bit I have already said."

Related: Major Russian banking company explores crypto investment amongst strong demand

While the Bank of Russia has continued taking a hard stance on crypto, a number of ministries and government-linked organizations have been exploring the manufacture, with the Duma creating a working group to regulate Russian federation's growing crypto mining market. Despite Russia'southward ban on crypto payments, the Russian Land Hermitage Museum raised over $400,000 in a nonfungible tokens auction on Binance crypto substitution in September.

Last month, Russian President Vladimir Putin said that private cryptocurrencies similar Bitcoin "can act as a unit of account," but they are "very unstable."