The Bank of Russia begins public consultations on the issue of the digital ruble
The Central Bank explains that citizens and enterprises based on their needs will be able to freely transfer money from one form to another — that is, from the digital ruble to cash or to a bank account and back. At the same time, it is necessary to develop special technologies that will enable the use of the digital ruble in offline mode. Then the digital ruble will be able to combine the advantages of both cash and non-cash money.
‘The use of advanced technologies in the development of the digital ruble will help reduce settlement costs and increase financial accessibility, as well as give an impetus to further improvement of payment technologies. All these aspects, along with the absolute requirement to ensure information security, the Bank of Russia will take into account in its further work on the digital ruble project, when choosing specific functional and technological solutions,’ the report says.
You can write on the topic at cbdc@cbr.ru.
Earlier, the Central Bank kept the key rate at 4.25%.
Read more at © DairyNews.ru https://www.dairynews.ru/news/bank-rossii-nachinaet-obshchestvennye-konsultatsii.html