Regulation
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The Bank of Russia told the details of the introduction of a new form of national currency
At the first stage of the introduction of the digital ruble, non-residents are not expected to open wallets, Alexey Zabotkin said during the V International Banking Forum Treasury.
“At the time of the launch of the digital ruble, we proceed from the fact that wallets will be opened only for Russian residents. How quickly we will move to the solution of the digital ruble for non-residents will be determined by the success of the implementation and the current external economic situation, as far as it will be in demand,” Zabotkin emphasized.
He added that the cautious position of the Central Bank on the issue of expanding the use of cryptocurrencies in foreign economic activity may be adjusted taking into account “the evolving circumstances.” At the same time, the representative of the regulator stressed that the Russian ruble will remain the only legal tender within the country.
Earlier, Director of the Financial Technologies Department of the Bank of Russia Kirill Pronin said that the Central Bank is actively working on the development of digital financial instruments. Pronin explained that these tools, necessary for the development of the digital economy, are the digital ruble and digital financial assets (DFA).
The Director of the Bank of Russia noted that the project to develop the digital ruble is going “quite intensively”: now a group of 15 banks is testing a platform for working with the asset, and in 2023 it is planned to test operations on a real digital ruble, first with a limited circle of clients.
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