Elvira Nabiullina, Chairman of the Central Bank of the Russian Federation, said that in June 2021 discussion of the detailed concept of the digital ruble will begin. Then immediately starts the stage of testing the platform, which will be used to serve the new currency.
During the meeting of financial and credit institutions with the leadership of the Bank of Russia, which was organized by the Association of Banks of Russia, Elvira Nabiullina told about the following: "Soon we are planning to summarize the public advice, and then develop the most detailed concept of the digital ruble. In June, we will begin its discussion with society, with the participants of the Russian financial market, with domestic banks.
After discussion, the platform prototype will be created, it will be tested, limited experiments. It should also be understood that the implementation of the digital ruble will also need to change the current legislation. "
The head of the Central Bank of the Russian Federation also stated that the regulator takes into account the fact that Russian banks are slightly afraid of the process of introducing a new digital currency, but digitalization has a strongest impact on the payment market around the world, there is a change in the nature of consumer behavior, so the work of the bank Russia over the new digital currency is an international trend.
"According to our information, more than 50 countries of the world already conduct a certain work in the field of creating pilot projects to implement their own digital currency. Discussion of the concept of digital ruble went on various sites. The scale of this topic requires full immersion in it, long and detailed discussions with market participants and all parties that will continue to interact with currency.
Russian banks, for the most part, support the two-level system of the digital ruble, within which they will be engaged in servicing their customers, but the corresponding wallets will be opened on the Bank of Russia platform. And the operations will be conducted in the same place, "said Elvira Nabiullin.
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