On June 15, the head of the Bank of Russia, Elvira Nabiullina, said that her department was considering the possibility of launching her own digital currency .
Speaking at a student conference in Skolkovo, the head of the Central Bank said:
“Indeed, the Central Bank Digital Currency cannot be realized immediately; nevertheless, many central banks, including the Russian Central Bank, are exploring this possibility. ”
However, she stressed that the implementation of such projects requires "mature" technologies, including technologies of distributed registries (blockchain) . In addition, according to the head of the Central Bank, it is necessary to take into account how much the society is ready to abandon cash in favor of "non-anonymous digital currencies."
Recall that at the end of May, at a meeting of the Financial Market Committee in the State Duma, Nabiullina said that the CBR was ready to consider a proposal to create a gold-linked cryptocurrency for mutual settlements with other countries. We are talking about India, China and other countries that buy weapons from Rosoboronexport. Due to Western sanctions, in 2017 at least 20% of Moscow defense transactions were blocked. Attempts to switch to payments in national currencies faced difficulties.
During the discussion on this issue, Nabiullina noted that the cryptocurrency format such as steyblecoin , which is tied to a real asset and security, is being studied by the regulator, and it can be viewed in the regulatory sandbox of the Central Bank. At the same time, according to her, the Central Bank opposes the incorporation of “classical” cryptocurrencies into the monetary system of the Russian Federation.
“We do not see this opportunity for cryptocurrencies to perform the function of monetary surrogates here, and practically do not consider such projects within the framework of the regulatory sandbox ,” said Nabiullina.
Publication date 06/16/2019
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