When the Bank of Russia first unveiled plans for a central bank digital currency (CBDC) three years ago, it indicated an intent to be able to ban certain organizations or individuals from accessing the digital ruble. For example, in the case of fraudsters or tax evaders. Now a senior Russian legislator reiterated that the digital ruble will be programmable, and transfers can be restricted.
Kommersant Radio spoke to Anatoly Aksakov, who they described as the author of the digital ruble law. He Chairs the State Duma committee on financial markets.
Regarding transfer restrictions, he said “I had in mind the financing of government contracts. There are times when money is allocated but the task is not completed.”
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