Today Russia’s Central Bank said it planned to launch a public consultation over a possible digital ruble. The comments came after a meeting organized by Russia’s Association of Banks. The central bank published its first report on a possible digital ruble in October. In January, the association responded, raising concerns about the impact, particularly on regional and smaller banks.
“In the near future we will summarize the full results of public consultations, then we will develop a more detailed concept of the digital ruble and at the beginning of summer we will discuss it with the public, with market participants, with banks,” said Elvira Nabiullina, Governor of the Bank of Russia, as reported by Interfax news agency.
“The next step is the creation of a platform prototype, testing it, limited experiments. Of course, it will be necessary to amend the legislation.”
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
