Views and Issues By Cointelegraph

Digital Currency of the Russian Central Bank: Prospects and Problems

The active digitization of large domestic financial institutions is a noticeable, definitely positive trend. Russia is one of the five worlds leader The speed of the transition to cashless payments and the number of contactless transfers and payments are increasing every year. Such active development requires changes in legislation, and inevitably many specialists and representatives of the financial sector turn to the topic of cryptocurrency and its place in the modern financial world.

On this matter, the Bank of Russia’s policy is mainly focused on destigmatizing the cryptocurrency discourse. The national central bank does not consider it appropriate to define cryptocurrency as property at the civil law level, but allows it to be viewed as property in relation to certain laws, including the Anti-Corruption Act.

Victor Dostov is Research Director of the Distributed Ledger Technologies Center at Saint Petersburg State University and Chairman of the Russian Association for Electronic Money and Remittances.

Read on on Coin Telegraph

Disclaimer: Fusion Media would like to remind you that the information contained on this website is not necessarily real-time or accurate. All CFDs (stocks, indices, futures) and forex prices are not provided by exchanges, but by market makers. As a result, prices may not be accurate and may differ from the actual market price. This means that the prices are indicative and not suitable for trading purposes. Therefore, Fusion Media is not responsible for any trading losses you may suffer from using this data.

Fusion Media or anyone involved with Fusion Media assumes no liability for any loss or damage caused by reliance on the information contained on this website, such as data, offers, charts and buy / sell signals. Please be fully informed about the risks and costs associated with trading in the financial markets. This is one of the riskiest forms of investment possible.

Comments are closed.