Elvira Nabiullina: "The Bank of Russia will soon begin testing a platform for the digital ruble" – Bits Media

After discussing the concept of the digital ruble, the Central Bank of the Russian Federation will move on to testing the platform, on which this asset will operate.

The chairman of the Bank of Russia Elvira Nabiullina said this at the conference, organized by the Association of Russian Banks. In October The Central Bank of Russia began a public discussion of the possibilities of issuing a digital ruble.

Nabiullina said, that the results of public consultations will be summed up in the near future. After that, the Bank of Russia will begin a detailed development of the concept of a digital ruble together with banks and other market participants. The next step will be the creation of a prototype platform, on which the digital ruble will be served, as well as testing this site. For this, it will also be necessary to make appropriate changes to the legislation, She said Nabiullina.

The Bank of Russia conducted a survey among 191 financial organization. 71% The survey participants supported the two -level system of using the digital ruble. Users can serve banks, Opening wallets on the platform of the Bank of Russia and making transactions on it. The need to introduce digital currency was reported 83% participants. However, many banks fear the introduction of digital currency. At the same time, central banks of different countries are actively developing their own stablecoins.

According to Nabiullina, digitalization is already becoming a global tendency, Changing payment markets and consumer behavior of financial services. Around 50 regulators are exploring the potential of state digital currencies, And some countries are at the stage of launching pilot projects. For example, The Chinese government several times conducted citywide testing of a digital yuan in Suzhou and Shenzhen in the form of a free lottery.

The first deputy chairman of the Bank of Russia Olga Skorobogatova also reported, that in the first stages the Bank of Russia can establish a limit for citizens to transfer digital rubles from bank accounts to an electronic wallet. This is necessary for that, To make banks more comfortably with a new mechanism, and easier to predict liquidity.

Earlier, the chairman of the Bank of Russia has already said, that testing the digital ruble can begin in 2021 year. Digital ruble will provide maximum confidentiality, However, it will not have that anonymity, which is inherent in cash.