The Russian central bank against the legalization of encrypted currency, consider creating a national encrypted currency

The Russian central bank is considering creating a national encrypted currency because it thinks the move could bring many benefits to the country. Previously, the first deputy prime minister, Igor Shuvalov, expressed support for the introduction of "cryptoruble". At the same time, the central bank is skeptical of other encrypted currencies , including Bitcoin .

Central bank to support national encrypted currency

According to Tass reports, the Russian Federation Central Bank Vice President Olga Skorobogatova said the central bank has seen a lot of benefits of national currency .

At a press conference at the Finopolis Innovation Financial Technology Forum, Skorobogatova told reporters, " The establishment of a national encrypted currency stimulates the growth of non-cash payments and electronic payments, including possible cross-border payments."

She added that this would solve the problem of avoiding cash.

"For all users, the cost of using electronic wallet to pay for goods and services is becoming more and more convenient, and digital money in a broader sense can play a catalytic role."

In addition, Skorobogatova also cited the case of the sale of fake Bitcoin near a supermarket in Obninsk, a city of southwest Moscow, indicating that the central bank would focus on encrypting money education.

Mikhail Mamuta, head of consumer protection services at central bank, said: "The central bank will pay more attention to financial knowledge in this area and reduce the incidence of basic errors."

Earlier this week, news.Bitcoin.com reported on the Russian finance Proposed to add the encrypted currency to the population finance literacy strategy . The strategy is jointly developed by the Ministry of Finance and the World Bank and will be implemented from 2017 to 2023.

In addition, the first deputy prime minister, Igor Shuvalov, also stressed the need to establish a national currency to strengthen the Russian economy. In an interview with RBC in August, he said:

"I am a supporter of encrypted money and I think cryptoruble should be there."

Against other encryption currencies The

Russian central bank has repeatedly objected to the legalization of encrypted currency such as Bitcoin . On Russian President Vladimir Putin and Russian business representatives meeting held last month, central bank governor Elvira Nabiullina said that their legalization "is actually out of control foreign capital inflows."

Her statement reiterated the central bank had on digital currency of attitude.

"With regard to the use of encrypted money , according to the current legislation, the official currency of the Russian Federation is ruble." The currency agent problem in the territory of the Russian Federation is not allowed. "

At the press conference, Skorobogatova also pointed out how the anonymity of encrypted money is linked to money laundering, "so far no regulators have answered the question." And added, "the central bank and other countries are analyzing Based on possible solutions within the framework of international payments and market systems. "

Skorobogatova also revealed that,

"At the end of November, the International Commission will, in its first report, propose ways to address this issue and to tighten monetary regulation."