Nabiullina, the head of the Bank of Russia, has called the conditions for the introduction of the digital ruble
According to the head of the Central Bank, it may take more than a year to test a pilot project for a digital asset
16.11.2021 - 10:00
594
1 min
0
What’s new? The Russian economy will only be able to introduce the digital ruble if a number of conditions are met, the Central Bank Governor Elvira Nabiullina has stated. This is reported by Finmarket.
Material on the Finmarket website
What conditions did the head of the regulator tell about? According to Nabiullina, the digital ruble should allow it to be freely transferred to other forms of money. Also, the virtual currency cannot have an impact on inflation in Russia, the Central Bank Сhairman added.
Nabiullina noted that testing of the pilot project of the digital asset may take more than a year. It is planned to start in the first quarter of 2022.
What had happened before? As we mentioned on November 15, the Accounts Chamber auditor Alexei Savatyugin said that the regulator is generally not against the digital ruble. According to him, its introduction should complicate the lives of unscrupulous market participants and fraudsters. But it is unlikely to completely solve the problem of fraud, Savatyugin noted.
Useful material?
Market
Tether Finance division will be responsible for the issuance and redemption of USDT stablecoins
Apr 18, 2024
Trends
The first project introduced on the platform will be BounceBit (BB)
Apr 18, 2024
Business
The rate exchange of the native ACH token reacted with a 10% increase
Apr 18, 2024
Market
Miners are hunting for the first block after halving as the value of the first satoshi could exceed $1 million
Apr 18, 2024
Market
The platform will be non-custodial and accessible to everyone
Apr 15, 2024
Market
China Asset Management, Harvest Global Investments, and Bosera Asset Management have received permits
Apr 15, 2024