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Russia Has Changed its Mind: Digital Ruble May Be Launched in 2021

by CBDC Insider
December 3, 2020
in Business, Europe
Reading Time: 1min read
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Russia Has Changed its Mind: Digital Ruble May Be Launched in 2021
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The Russian government, citizens and other users of cryptocurrency are very much concerned about particular features of a digital ruble because it might require the creation of payment infrastructure and new innovative types of services.

In early 2020 Russian President Vladimir Putin denied plans to release the CBDC, according to CoinIdol, a world blockchain news outlet. The president believed that no nation can issue its own cryptoasset since cryptoassets go beyond national borders without being monitored by a central body.

However, soon enough the talks renewed. As China (digital yuan), Bahamas (Sand dollar) and the USA (digital dollar) are getting closer to releasing their CBDCs, Russia seems to have reconsidered their plans.

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Read more: https://coinidol.com/russia-digital-ruble/

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