Bank of Russia wants to ‘avoid super-close attention’ with CBDC
As sanctions have cut Russia off from the global economy, the local central bank hopes its digital currency will help it revive international trade. The Bank of Russia is working on a way to use its digital ruble for cross-border trades to “ avoid super-close attention ” from U.S. regulators. A deputy chairman of Russia’s central bank, Vladimir Chistyukhin, said on Sept. 21 that the central bank basically wants to circumvent sanctions with the digital ruble. Per a report by RussHowever, he admitted that the idea would not work without involving the other “friendly” party. “In this regard, [with the digital ruble] we could avoid super-close attention at least from Western banking systems. But this requires serious political will from regulators and leadership of these friendly countries in order to achieve mutual interoperability of these operating systems.” Vladimir Chistyukhin You might also like: North Korean hackers turn to...