Reading time: ~1 m
The Bank of Russia in winter announced the beginning of tests of the platform for transactions with the cryptoruble (CBDC). According to the regulator, several domestic banks take part in testing the token.
On the eve of the head of the Ministry of Digitalization Maksut Shadaev said that his department, together with the Central Bank, is preparing a program for the introduction of the cryptoruble into the financial system of the state.
Almost all experts support the authorities’ plans to digitize the banking sector and use an innovative tool designed to reduce transaction costs and increase the availability of financial services for the population and business.
Mikhail Petrichenko, who heads the Institute of Financial Literacy under the Government of the Russian Federation, also believes that the cryptoruble will solve many problems of the Russian economy.
In his opinion, a tool will appear on the market that cannot be called an alternative to the national currency. The token is associated with a fiat ruble, only operations will be carried out using other technology. The funds of citizens and entrepreneurs will be placed in digital wallets.
The expert also recalled that the Central Bank will be the only issuer of CBDC, which means that the regulator will be able to control the movement of capital in digital currency.
#Russian #economists #support #central #banks #project #launch #cryptoruble