Express
Vice Chairman of the Russian Blockchain Association: Commercial Banks Should be Given More Power in the Digital Ruble
Summary: The Central Bank of Russia is preparing to launch a digital currency pilot. In response, Vladislav Martynov, vice chairman of the Russian Association of Cryptocurrencies and Blockchains (RACIB), said that the digital ruble framework of the Russian Central Bank should give the maximum functions to existing participants, namely commercial banks. Martynov suggested that commercial banks, ...
The Central Bank of Russia is preparing to launch a digital currency pilot. In response, Vladislav Martynov, vice chairman of the Russian Association of Cryptocurrencies and Blockchains (RACIB), said that the digital ruble framework of the Russian Central Bank should give the maximum functions to existing participants, namely commercial banks. Martynov suggested that commercial banks, not the central bank themselves, should be responsible for maintaining and custody of citizens’ digital ruble wallets.
By Amy Liu
Tags: Commercial Banks,Digital Currency,RACIB,Russia
Link: Vice Chairman of the Russian Blockchain Association: Commercial Banks Should be Given More Power in the Digital Ruble [Copy]
