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Russian central bank considers digital rouble in 2023

From reuters.com

The Russian central bank is considering limiting future transactions with a digital rouble to smooth the impact of its implementation, planned for 2023, Deputy Governor Alexei Zabotkin said on Thursday. Russia is working on introducing the digital rouble on top of existing cash and non-cash roubles, to facilitate payments for individuals and businesses and make the use of its currency more global in the face of Western sanctions. “The emission of the cryptorouble will be akin to cash emission,” Zabotkin said. “It will be feasible to introduce limits on the transactions from non-cash form into the digital rouble,” ... (full story)

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  • Category: Fundamental Analysis