Ministry of Finance: Digital ruble will reduce dependence on the dollar and susceptibility to sanctions
The RF Ministry of Finance and the Bank of Russia have started studying international experience in the development of national digital currencies, writes Izvestia. This preceded by the publication of the Central Bank of the report on theme digital ruble last week.
The press service of the Ministry of Finance called the “possible advantages” of the digital ruble. It is assumed that is he will reduce transactional costs, remove part of the burden from banks and payment systems, expand opportunities making cross-border payments, reduce dependence from dollar, and with it the sanctions risks.
“In this regard for avoiding possible destabilization of the economy and growth of social tension, the digital ruble should be provided, and transactions with him use should be controlled “, – stated in the press service of the department.
Like the Bank of Russia, the Ministry of Finance notes that the final decision about creating instrument until received not It was. If the plan is implemented, it will be based on may the recommendations of the Financial Action Task Force on Money Laundering (FATF), reported in the department.