diff --git a/CONTRIBUTING.md b/CONTRIBUTING.md
index 5a740475..1c77d1fe 100644
--- a/CONTRIBUTING.md
+++ b/CONTRIBUTING.md
@@ -128,9 +128,9 @@ PR authors may also find it useful to run the following script locally in order
 to check that each of the commits within the PR satisfies the requirements
 above, before submitting the PR to review:
 ```shell script
-BITCOIN_MSRV=1.29.0 ./contrib/test.sh
+RUSTUP_TOOLCHAIN=1.41.1 ./contrib/test.sh
 ```
-Please replace the value in `BITCOIN_MSRV=1.29.0` with the current MSRV from
+Please replace the value in `RUSTUP_TOOLCHAIN=1.41.1` with the current MSRV from
 [README.md].
 
 NB: Please keep in mind that the script above replaces `Cargo.lock` file, which
@@ -183,12 +183,6 @@ and [how it is planned to coordinate it with crate refactoring](https://github.c
 For the new code it is recommended to follow style of the existing codebase and
 avoid any end-line space characters.
 
-### MSRV
-
-The Minimal Supported Rust Version (MSRV) is 1.29; it is enforced by our CI.
-Later we plan to increase MSRV to support Rust 2018 and you are welcome to check
-the [tracking issue](https://github.com/rust-bitcoin/rust-bitcoin/issues/510).
-
 ### Naming conventions
 
 Naming of data structures/enums and their fields/variants must follow names used
diff --git a/README.md b/README.md
index 651b7727..647c828a 100644
--- a/README.md
+++ b/README.md
@@ -71,6 +71,8 @@ please join us in
 [#bitcoin-rust](https://web.libera.chat/?channel=#bitcoin-rust) on
 [libera.chat](https://libera.chat).
 
+For more information please see `./CONTRIBUTING.md`.
+
 ## Minimum Supported Rust Version (MSRV)
 
 This library should always compile with any combination of features (minus