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Raiffeisenbank questioned the leading role of the digital ruble

by Vaibhav
November 30, 2021
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Raiffeisenbank questioned the leading role of the digital ruble
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The banking sector of the Russian Federation will not feel the serious consequences of the introduction of the national digital currency. About this Chairman of the Board of Raiffeisenbank Sergey Monin stated in an interview with RBC.

In his opinion, the value of the digital ruble will be limited.

“We don’t see any real impact on our business. Probably, in the end it will bring some value in some types of needs. But I don’t think that the banking system will flow into the digital ruble, into direct accounts with the Central Bank, and so on, ”said Monin.

He also said that Raiffeisenbank applied for participation in the pilot testing of the digital ruble, but did not get into the first set.

“We are ready to participate. Maybe we will enter the next [12 банков]”, – added the top manager.

Recall that in April, analysts at the Raiffeisenbank Center for Technological Innovation predicted that by 2025, 10% of states will have their own digital currencies and exchanges in circulation for exchanging such assets.

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Earlier, the Bank of Russia and the Ministry of Finance confirmed plans to launch the national digital currency as a third form of money until 2030.

The new financial instrument will be tested at 12 banks in the first quarter of 2022.

According to the chairman of the Central Bank of the Russian Federation Elvira Nabiullina, domestic CBDC will become a full-fledged replacement for cryptocurrencies for Russians.

Subscribe to Cryplogger news on Telegram: Cryplogger Feed – the entire news feed, Cryplogger – the most important news, infographics and opinions.

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The banking sector of the Russian Federation will not feel the serious consequences of the introduction of the national digital currency. About this Chairman of the Board of Raiffeisenbank Sergey Monin stated in an interview with RBC.

See also  Glassnode analysts allowed the final capitulation of bitcoin investors

In his opinion, the value of the digital ruble will be limited.

“We don’t see any real impact on our business. Probably, in the end it will bring some value in some types of needs. But I don’t think that the banking system will flow into the digital ruble, into direct accounts with the Central Bank, and so on, ”said Monin.

He also said that Raiffeisenbank applied for participation in the pilot testing of the digital ruble, but did not get into the first set.

“We are ready to participate. Maybe we will enter the next [12 банков]”, – added the top manager.

Recall that in April, analysts at the Raiffeisenbank Center for Technological Innovation predicted that by 2025, 10% of states will have their own digital currencies and exchanges in circulation for exchanging such assets.

See also  there is a threat of liquidations by troubled companies

Earlier, the Bank of Russia and the Ministry of Finance confirmed plans to launch the national digital currency as a third form of money until 2030.

The new financial instrument will be tested at 12 banks in the first quarter of 2022.

According to the chairman of the Central Bank of the Russian Federation Elvira Nabiullina, domestic CBDC will become a full-fledged replacement for cryptocurrencies for Russians.

Subscribe to Cryplogger news on Telegram: Cryplogger Feed – the entire news feed, Cryplogger – the most important news, infographics and opinions.

Found a mistake in the text? Select it and press CTRL + ENTER

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