Russia’s central bank views BRICS currency as challenging. Prepares CBDC pilot
It has been widely reported that a common BRICS currency will be discussed at a symposium next month.
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It has been widely reported that a common BRICS currency will be discussed at a symposium next month.
In a recent interview with Forbes, the first deputy governor of the Bank of Russia, Olga Skorobogatova, spoke about her...
Kallaur noted that the introduction of a CBDC would require changes to the civil code, banking and tax laws, and the national budget.
Sber was initially planning to launch its blockchain-enabled digital asset platform and the Sbercoin stablecoin by spring 2021.
Russia's central bank sees the digital rubble as the only technological payment option to support.
A finance officer believes it is necessary to sell the mined assets abroad to avoid the adoption of crypto in internal payments.
The monetary authority will allow the use of cryptocurrencies for foreign trade, a senior central bank official said at a news conference.
Many cryptocurrency exchanges with roots in Russia have fled the country or are operating illegally, according to the founder of Blockchain Life.
Cryptocurrency transactions over 600,000 rubles (approximately $8,000) will have to be declared, otherwise they will be considered a crime.
Elvira Nabiullina is concerned about the Bank of Russia not treating digital asset projects softly enough to attract funding and maintain the economy.