Idea to Use Digital Ruble as Reserve Currency Circulated in Sanctioned Russia – Finance Bitcoin News

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Russian lawmaker suggests making the digitalruble a reserve currency.

Meanwhile, concerns have been raised in the West that the new incarnation of the Russian fiat may be employed to evade sanctions that have been isolating the country.In the face of mounting Western penalties, officials in Moscow have been mulling over ways to circumvent restrictions that have already limited Russia’s access to its foreign reserves and the global financial market.

“The digital ruble should become a full-fledged investment and reserve currency for Russia,” Mironov elaborated. The deputy believes the CBDC will provide the Russian economy with needed funding without boosting inflation. The digital rubles cannot be deposited abroad or used for non-intended purposes, he added.

to close the loopholes. Recent statements by another lawmaker, and member of the crypto regulatory working group, Alexander Yakubovsky, indicated that Russia is interested in using digital currencies to restore its access to global finance.of legalizing cryptocurrencies, has been actively developing the digital ruble project. The monetary authority began contemplating a CBDC three years ago.

 

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How the fck will this work if it's still pegged to rubble? lol

This is a good option in the current situation.

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I believed Zelensky's a PUPPET. who only serve West or NATO interest even if it's on z expense of Ukraine! I don't know; how z people of Ukraine see it; but, UkraineArmy've less casualties than Civilians. But, dare2 blame Russia; while they chose Urban war!

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Not a bad idea

Do not think they have to

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