September 8, 2022
The Central Bank will promote the possibility of cross-border settlements using the digital ruble
The head of the regulator, Elvira Nabiullina, said that many Russian banks are actively participating in the experiment of introducing the digital ruble
MOSCOW, September 8. The Bank of Russia will actively promote the possibility of cross-border settlements using the digital ruble. This was announced on Thursday by the head of the Central Bank of the Russian Federation Elvira Nabiullina.
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"We will actively promote the possibility of cross-border settlements using the digital ruble," she said in an interview for the Rossiya-24 TV channel film dedicated to the 220th anniversary of the Ministry of Finance of the Russian Federation.
Nabiullina noted that many Russian banks want to participate and are actively participating in the experiment of introducing the digital ruble. According to her, the experiment will last until 2023. "Next year we will already start carrying out a separate type of operations in a limited size in order to gradually begin to introduce it into circulation," she added.
Deputy Finance Minister of the Russian Federation Alexey Moiseev previously reported that the Ministry of Finance and the Central Bank agreed that in the current conditions "it is impossible to do without cross-border payments in cryptocurrency."
Moiseev explained that the essence of the ministry's proposal is that people should have crypto wallets similar to those that are now being opened on the Internet. At the same time, control is necessary so that there is no laundering, payment for drugs, and so on.
The Bank of Russia confirmed the discussion on the legalization of cross-border settlements. At the same time, the regulator opposes the legalization of crypto exchanges, exchangers and settlements in cryptocurrency within Russia.