State Duma of the Russian Federation: crypto-ruble is an important step for the financial system

Many Russian experts want to take part in the discussion about the feasibility of launching a statecryptocurrencies (CBDC).

Let us remind you that the Central Bank of Russia stated that it would acceptsuggestions and comments related to the development and implementation of a regulated token pegged to the ruble. His report states that if the so-called crypto-ruble is issued, its sole issuer will be the Central Bank of the Russian Federation.

expert council of the State Duma on the digital economy, the emergence of the crypto-ruble will be an important step towards improving the financial system of our country. At the same time, he stressed:

«Ordinary citizens are unlikely to notice its appearance, since the digital ruble from a consumer point of view is no different from the regular ruble».

However, from a technological point of view, there will be a big qualitative shift. First of all, this concerns the reduction of transaction costs when sending funds.

In fact, transactions will be carried out bypassing the traditional banking sector, so there will be no need to involve the services of intermediaries, which will make transfers cheaper, Poyarkov noted.

Gleb Kostarev, who heads the Binance office in Russia, doubts that the crypto-ruble will be quickly implemented in the domestic market, even if its launch is approved by the authorities.

Society will need at least one year to switch to a new tool, the agency «Prime» quotes an expert as saying.

Economist Mikhail Delyagin: the digital ruble cannot be called a cryptocurrency

According to the famous economist Mikhail Delyagin, the digital ruble (if it appears on the market) will not be a cryptocurrency.

It is incorrect to call this tool a cryptocurrency, the REGNUM news agency quoted the economist and director of the Institute for Globalization Problems.

Delyagin emphasized that in the classical sensecryptocurrency — It is an asset that is not issued or controlled by any government. Such instruments were originally conceived as coins that were completely independent of regulatory authorities.

The digital ruble, which was recently discussed againBank of Russia, — This is a specific form of non-cash money. Moreover, the Central Bank allowed the launch of this token without specifying how it would control the movement of this asset.

The economist believes that the central bank simply decidedshow oneself as a subject focused on the creation of innovative products. Simply put, the regulator wanted to take advantage of the cryptocurrency hype to remind about itself once again.

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