The digital ruble will set aside the economy in the era of the USSR, according to RACIB
The creation of a single center for the emission and storage of the digital ruble will roll back the country to the Soviet era, according to RACIB
Banks may face an outflow of liquidity due to digital currency
Central Bank refused to share credentials on the issue of digital ruble with commercial banks
Russian Association of Cryptocurrencies and Blockchain (RAKIB) considers, that the digital ruble models proposed by the Central Bank of the Russian Federation “put an end to the maintenance of a competitive environment”. About this writes “Kommersant”, referring to the letter of RAKIB to the head of the Central Bank Elvira Nabiullina.
In particular, the Association believes that the Central Bank of the Russian Federation is returning the economy to Soviet times, “excluding from the process commercial banks, payment systems and other participants market”. By opinion member of the supervisory board of RACIB Vladislav Martynov, the digital currency models considered by the Central Bank are made from financial institutions of ordinary intermediaries without the ability to use digital rubles as a passive base.
In one of the digital ruble models described by the Central Bank, it is proposed to provide banks with services for opening digital wallets and making settlements on them based on the Central Bank platform. In fact, the financial regulator will regulate the wallets..
The Bank of Russia confirmed intention regulator store all digital rubles exclusively on the accounts of the regulator with limited access for banks.
“Electronic wallets will be run on the digital ruble platform, by the operator which will be the Bank of Russia, but it will serve clients, interact with them, maintain accounts and carry out transactions with electronic wallets on behalf of clients will be it is banks and financial intermediaries, “the Central Bank said.
Martynov claims that the storage of all digital rubles exclusively on the platform Central bank will lead the country “to a situation that was in the Soviet Union, when enterprises opened accounts with the State Bank “.
“Losses on balances will increase as digital rubles are issued, since will be wash out the same equivalent in cash and non-cash rubles “, – said the chairman of the NSFR Andrey Emelin.
Recall, earlier Bank Of Russia refused to issue the digital ruble to commercial banks. Deputy Chairman of the Central Bank Alexey Zabotkin stated, that the Central Bank of the Russian Federation will not share obligations to issue the digital ruble with other financial institutions.
Also, the regulator abandoned the idea of Sberbank to classify everything cashless payments in quality digital currency. Then First Deputy Chairman of the Central Bank of the Russian Federation Olga Skorobogatova suggested that the regulator and Sberbank would rather Total, perceive the concept of digital currency differently.
ABOUT Tom, how much will it take to create a digital ruble – read in a special material from BeInCrypto.
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