The Union of Russian Entrepreneurs urged to speed up the introduction of a digital ruble – Bits Media

Chairman of the Russian Union of Industrialists and Entrepreneurs (Rspass) Alexander Shokhin believes, that cryptocurrencies undermine the sovereignty of the Central Bank on the issue of money.

Alexander Shokhin said, that the digital ruble needs to be launched as soon as possible. He stressed, what “You can’t lag behind countries, who care about national sovereignty, such as China ". According to him, the government and the Central Bank must submit a report on a digital ruble to the president already 19 December.

Besides, The chairman of the RSPT noted, that cryptocurrency challenges the centralization of the emission of fiat currencies:

“The issue of the national currency is a sign of statehood and sovereignty of the state, Therefore, the Central Bank has a protective position on this line. And in principle, control is reduced, there is the possibility of withdrawal abroad, there is a possibility of laundering money and so on. There are all these risks ".

According to Shokhin, If the law on cryptocurrency mining were adopted in a timely manner, then economic pressure from Western countries would be slight: "That is, We did not use that, What could be used in terms of technologies for counteracting sanctions through a crypt ".

In September, Deputy Chairman of the Bank of Russia Alexei Zabutkin said, that at the first stage of integration of the digital ruble, only residents of the Russian Federation will be able to open electronic wallets.