After discussing the launch of the digital ruble with local banks, the country’s financial watchdog says it will present a more detailed concept for the national digital currency by summer.
The head of the Central Bank of Russia, Elvira Nabiullina, said on Thursday that the regulator received detailed feedback from the banking community in its October report, in which the regulator introduced the digital ruble as a possible new form of national currency. According to the official, most lenders support a two-level model of the digital ruble, which allows banks to open wallets for their clients on the central bank’s platform and conduct operations.
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