Deripaska urged the Central Bank to accelerate with the release of the digital ruble

Deripaska urged the Central Bank to accelerate with the release of the digital ruble
CONTENT

  • The Central Bank needs to accelerate with the introduction of the digital ruble, Deripaska believes

  • Russia should have introduced a “national cryptocurrency” even before the emergence of a new administration in the US White House, notes the billionaire

  • Russia needs a sovereign payment system due to six-year sanctions war

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Deripaska urged the Central Bank to accelerate with the release of the digital ruble

According to the Russian billionaire, the Central Bank should have issued a “national cryptocurrency” even before the emergence of a new administration in the US White House

Russian billionaire Oleg Deripaska believes that the domestic regulator should have issued a “national cryptocurrency” long ago. Deripaska expressed this opinion in the author’s column of Vedomosti.

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However, according to Deripaska, the Central Bank of the Russian Federation can still catch up in the digitalization race if it releases digital currency at an accelerated pace in the next 12 months..

Deripaska urged the Central Bank to accelerate with the release of the digital ruble

According to Deripaska, over the past six years of the “sanctions war”, domestic companies “constantly face the threat of restricting their work due to the lack of a sovereign payment system.”. 

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According to Deripaska, the country needs an independent payment system with direct payment channels that would not be tied to the US dollar, pound or euro..

“For this, it is necessary at an accelerated pace in the next 12 months to introduce modern digital technologies for cross-border payments, including the national cryptocurrency,” he writes..

Deripaska believes that it was necessary to deploy a domestic payment system with a digital ruble “even before the emergence of a new administration in the US White House.” In connection with what such haste is important, Deripaska did not elaborate.

The BeInCrypto editorial staff previously wrote that, in the opinion of Vasily Solodkov, director of the Banking Institute of the Higher School of Economics, the digital ruble is unlikely to help circumvent restrictions, unlike bitcoin..

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Deripaska urged the Central Bank to accelerate with the release of the digital ruble

At the same time, Deripaska considers the Central Bank to be responsible for the belated digitalization of the economy..

“… If the Central Bank has no desire to roll up its sleeves, finally get down to business and, together with the government, implement a program to increase the country’s GDP to 300 trillion rubles. … then it’s time to stop fiddling with it, ”Deripaska notes.

Recall that in Russia there is still no final decision on the issue of the digital ruble. The head of the Central Bank Elvira Nabiullina stated this in a recent interview with RTVI, commenting on the issue of the potential issue of pensions in digital currency.

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