The Bank of Russia will study the issue of creating a digital currency. It can become the third form of money along with paper and non-cash funds.
The regulator has released a report for public comment on this issue. The decision to issue a digital ruble has not yet been made. The Central Bank considers it necessary to work out this issue from an economic and technological point of view. It was proposed to involve experts, society and financial market participants in the discussion in order to get feedback by December 31, 2020.
The decision to issue the digital ruble has not yet been made, it is too early to talk about certain dates of its implementation, - the report says.
The Central Bank notes that the digital ruble should be an equivalent form of the national currency. It can be issued using digital technology, just like cryptocurrency. The digital ruble will be able to have a unique digital code and be issued by the regulator.
The use of digital currency will open up opportunities for the further development of remote payments and settlements. It can combine the properties of cash and non-cash money and can even be used in the absence of access to the Internet. For this, it will be necessary to create a digital infrastructure, the report says.
It is proposed to store the digital ruble on individual electronic wallets opened in the payment system of the Central Bank of the Russian Federation. If the digital currency is introduced, then it will become available to all subjects of the economy,
The deputy chairman of the Central Bank Olga Skorobogatova announced in 2017 about plans to develop its own virtual currency in Russia. Then they talked about a virtual analogue of the ruble, which can exist in electronic form. Its introduction would contribute to an increase in cashless circulation in the country.
chernayakobra.ru wrote that scammers began to attack citizens by phone four times more often. This was announced by the Central Bank. From January to August 2020, in comparison with last year's indicators, attackers are targeting citizens' deposits, and not the account balance, as it was before. Also, hacker groups have become more active, carrying out attacks on banks.