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Russia's Central Bank Sees No Reason To Release Cryptocurrency

Ramsey Baker

Summary: Russia’s central bank does not currently find a reason to launch a national cryptocurrency, according to the head of the bank. The  Bank of Russia had been investigating the possibility of a central bank digital currency (CBDC) and whether it was necessary to launch a new technology.  However according to chairwoman Elvira Nabiullina in an ...

Russia’s central bank does not currently find a reason to launch a national cryptocurrency, according to the head of the bank.

The  Bank of Russia had been investigating the possibility of a central bank digital currency (CBDC) and whether it was necessary to launch a new technology.  However according to chairwoman Elvira Nabiullina in an interview with Tass “cryptocurrency is not obvious for us.”

By Ramsey Baker

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