The Accounts Chamber of Russia: the introduction of the digital ruble will not eradicate fraud

The ministry is generally interested in the emergence of virtual currency

15.11.2021 - 10:15

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What’s new? The Accounts Chamber auditor Alexei Savatyugin stated in an interview with RIA Novosti that the introduction of the digital ruble should complicate the lives of unscrupulous market participants and fraudsters. However, it is unlikely to completely solve the problem of fraud.

Material on the RIA Novosti website

“It is unlikely that this will completely solve the problem, since the professional fraudsters, unfortunately, are smart people, they will come up with something else,” Savatyugin pointed out.

What does Savatyugin say? According to the auditor, the introduction of the digital ruble will require significant changes in technology both within the Bank of Russia and the banking sector, as well as changes in legislation. He added that the Accounts Chamber is generally interested in the emergence of virtual currency.

What had happened before? At the beginning of November, it became known that an experiment concerning the digital ruble is planned for 2022. After that, CBDC will receive a special legal regulation. If necessary, the current legislation will be amended, the Central Bank reported.

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