Top manager of the Bank of Russia proposed to prohibit settlements in stablecoins – Bits Media

Ivan Zimin, Director of the Financial Technologies Department of the Bank of Russia, believes, that you need to prohibit settlements in stablecoins, including Sbercoin stablecoin - Sbercoin.

In his speech at a meeting of the Russian Union of Industrialists and Entrepreneurs (Rspass), dedicated to banks and banking, Zimin said, that private cryptocurrencies and stablecoins should not be used to conduct calculations and payments in Russia. For this purpose, only the state currency and digital ruble are suitable. Zimin said, that the government has already taken an important step, Forbidden to pay private unsecured cryptocurrencies and other "monetary surrogates". According to Zimin, Now it is necessary to limit the use of stablecoins, tied to fiat currencies.

However, the chairman of the State Duma Committee on the Financial Market Anatoly Aksakov does not agree with this proposal. Against, He thinks, What is digital assets, issued by Russian banks, There are prospects for development. For example, Sberbank is preparing to launch its own Sbercoin stablecoin, secured by the Russian ruble. Sbercoin is intended for faster payments and interbank calculations with a low commission. At the beginning of the year, Sberbank has already applied to the Bank of Russia for registration of the platform for the release of Sbercoin, since according to the law "On digital financial assets (CFA) and digital currency ", Such assets can only be launched on registered platforms. Therefore, Aksakov urged to discuss in more detail the use of stablecoins in the field of payments.

“It is interesting to see, How will Sberbank Stablecoin work. I was puzzled by Ivan Zimin's statement on the ban on the use of such assets as a means of payment. This issue should be discussed by technical specialists, Economists and bankers ", – Aksakov said.

He announced the need to use a digital ruble along with stablecoins, produced commercial banks. Such CFA could have special codes, which would be recorded in the central bank, Aksakov proposed. However, for this you need to find a suitable technological solution. Aksakov explained, that according to the current Russian legislation, Stebblecoins, being tied to fiat currency, Rather, they are considered digital financial assets, than digital currencies. Hence, stablecoins are not prohibited to use for calculations.

The Ministry of Finance of the Russian Federation supported the position of Zimin, stated, that the only legal payment fund in Russia may be the state currency. The Ministry of Finance explained, that the release and circulation of digital currency are not yet indicated in the legislation of the Russian Federation, But work is already being done on this.

Recall, that last week Aksakov proposed amendments to the Law "On TsFA and Digital Currencies", to distinguish between the concepts of cryptocurrencies, stablecoins and digital ruble.