Le rouble numérique est indispensable,’ La Banque centrale de Russie déclare, Ne retardera pas les tests

Le rouble numérique est indispensable,’ La Banque centrale de Russie déclare, Ne retardera pas les tests

La Banque centrale de Russie a souligné l'importance d'aller de l'avant avec son projet de rouble numérique. Selon une déclaration d'un haut représentant, the monetary authority has no intention to delay the trials despite not all invited banks being ready to participate yet.

Bank of Russia to Experiment With Digital Ruble Payments This Year

The digital ruble isvery much needed,” First Deputy Chairman of Bank of Russia Olga Skorobogatova has recently remarked in a statement quoted by business news portal RBCs crypto page. The regulator will not delay upcoming tests of the prototype currency platform, the high-ranking official said and elaborated:

If we move quickly with testing and legislative changes, we can implement it in the coming years.

The Central Bank of Russia (RBC) started trials with the digital ruble in January and annoncé the first successful transactions between individual wallets in mid-February. At least a dozen Russian financial institutions are taking part in the experiments which are expected to continue throughout 2022.

Not all participating banks are technically ready to join the tests right now, Skorobogatova admitted. toutefois, she insisted this should not affect the timing of the project to issue the Russian central bank digital currency (CBDC).

The second phase of the trials is scheduled to begin in the fall, Skorobogatova revealed earlier this year. During that stage, the CBR plans to launch operations involving payments for goods and services with the digital ruble as well as government transfers. The bank will also issue smart contracts in collaboration with the Federal Treasury.

The digital ruble is the third incarnation of Russias national fiat currency, after paper cash and electronicbank moneywhich will be issued by the Russian central bank. Russians will be able to use it both online and offline. The CBR says its CBDC will create new opportunities for citizens, entreprises, and the state.

As Russia is struggling with effects of expanding western sanctions over the Ukraine war, calls have been heard in Moscow to turn to cryptocurrencies as a means to circumvent the restrictions et finance international trade. An idea to make the digital ruble a Le FMI avertit que les sanctions contre la Russie menacent de saper la domination du dollar américain was also circulated last month as a way to reduce Russias dependence on the U.S. dollar, now, when its foreign currency reserves abroad are frozen.

Do you think the Central Bank of Russia will step up efforts to test and issue the digital ruble? Dites-nous dans la section commentaires ci-dessous.