Russian billionaire Oleg Deripaska said that the introduction of the digital ruble would help protect investments in a sanctions-war environment. This, пишет TASS.
According to the businessman, the emergence of such an asset is necessary to complete the digital transformation of the national economy. However, “financial authorities” cannot bring themselves to do so because of concerns about personal sanctions, he says.
“Anonymity is a very important investment tool. Crypto-finance will help us ensure this. The introduction of the crypto-ruble is the most important task, especially in a sanctions war, for ensuring national sovereignty,” he explained.
He also expressed hope that the antimonopoly service will regulate the market for digital solutions, as competition there is currently limited due to the dominance of such companies as “Yandex.”
The Bank of Russia presented a report on the issuance of the digital ruble in October 2020. This asset is meant to become a third form of money alongside cash and non-cash.
Public accessibility and traceability: how the Bank of Russia sees the digital ruble
In late June 2021 the regulator formed the first pilot group of 12 banks to test the new financial instrument.
As noted, in the summer Oleg Deripaska critiqued the Bank of Russia’s stance on Bitcoin and called for speeding up the development of the digital ruble to ensure independence in external trade settlements.
Follow ForkLog news on Telegram: ForkLog Feed — the full news feed, ForkLog — the most important news, infographics and opinions.