Elvira Nabiullina supports the introduction of the digital ruble

She believes that the mass introduction of the digital ruble will help optimize the financial infrastructure

11.12.2021 - 09:05

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1 min

What’s new? The Governor of the Central Bank of the Russian Federation Elvira Nabiullina, a periodic critic of cryptocurrencies, has come out in support of the introduction of the digital ruble. The regulator is now developing a CBDC prototype to begin testing it in 2022. This is reported by the Vedomosti online edition.

Information on the Vedomosti website

What does the Governor of the Central Bank say? Nabiullina believes that the mass introduction of the

digital ruble will help optimize the financial infrastructure. She added:“I don't know any countries that have not shown an increased interest in digital currency. The rapid development of digital currencies in the future will help us to build a system of interactions between platforms for digital currencies of many countries. And that, of course, will facilitate cross-border payments.”

What had happened before? The Prosecutor General of the Russian Federation Igor Krasnov also supports the introduction of CBDC. He believes that the digital currency may contribute to the decriminalization of online payments.

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