In the later stages of testing, the Central Bank of the Russian Federation will consider the possibility of “coloring” digital rubles to track transactions. This was stated by the deputy chairman of the regulator Alexei Zabotkin, writes TASS.
Discussing any potential restrictions on the new asset should be approached with caution, the official said.
“Limiting what you can spend a particular unit of money on makes that money less valuable than the money you can spend on anything,” he explained.
Zabotkin admitted that the digital national currency would have a positive impact on the change in bank rates and the correction of acquiring commissions.
“To stimulate and retain current liquidity within the banking system on their accounts in the form of non-cash rubles, banks will be forced to offer customers more attractive conditions for storing this money,” the deputy chairman of the Central Bank added.
In turn, the head of the Russian State Duma Committee on the financial market, Anatoly Aksakov, said that international settlements with the digital ruble could begin as early as 2025. However, this functionality will require solving a large number of issues, including those related to currency risk during conversion.
Aksakov also did not rule out the appearance of deposits and even loans in the new asset, although the adopted profile law does not provide for the possibility of such a loan.
Recall that the law on the Russian CBDC came into force on August 1.
Citizens of the Russian Federation will have the opportunity to massively use it in 2025-2027.
Earlier, banks started testing the asset.
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