The Bank of Russia wants to separately prohibit settlements in stablecoins, despite the already existing ban on cryptocurrencies

The Bank of Russia, the country's central bank, may prohibit settlements in stablecoins on the territory of the Russian Federation.

About itsaid the director of the financial departmenttechnology bank Ivan Zimin at an expanded meeting of the commission of the Russian Union of Industrialists and Entrepreneurs (RSPP) on banks and banking, Interfax reports.

“We have already taken the first step in terms ofunsecured cryptocurrencies, banning them, and we are likely to take another step, limiting the use, including stablecoins, for settlements. "

Zimin noted that on the territory of Russia inOnly the ruble and its digital analogue can be used as a means of payment. Everything else is money surrogates, the use of which as a means of payment is prohibited:

"It is very important.It is very important here to separate the conceptual apparatus. The digital ruble and, in general, the ruble is our official means of payment. Everything else - stablecoins, unsecured private cryptocurrencies, any other monetary surrogates - cannot be used as a means of payment. "

Head of the State Duma Financial Market CommitteeAnatoly Aksakov believes that the development of digital assets that could be issued by Russian banks is not a bad thing and should not be banned right away. He urged to once again discuss the topic of using stablecoins in calculations and remember that the largest private bank in the country - Sberbank - is a friend of man:

“Sberbank has applied for the issue of savings.It would also be interesting to see how this tool will be used. However, I was puzzled by what Ivan Zimin said about the fact that they want to explicitly prohibit the recognition of savings as a means of payment. Here, in my opinion, a discussion of techies, economists, and bankers, by the way, will be needed. We need to find options for the most effective use of the new digital ruble. "

So Aksakov proposes not to prohibit everything at once, but to find a compromise, with the help of which it will be possible to connect the digital ruble of the Central Bank and stablecoins issued by commercial banks:

“The ruble, which is issued by banks, could also bedigital currency, which is used as a means of payment, as a medium of exchange. And this digital currency will have a corresponding code, recorded by the Central Bank, for example. Here, I assumed that we had to find technological solutions to combine the emission of the Central Bank in the form of digital currency and the emission carried out by commercial banks. This issue has not yet been resolved. I think that's okay too. "

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