Russian Central Bank Studies Pros and Cons of National Digital Currency

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The Central Bank of Russia does not have any pronounced position in regard of cryptocurrencies, yet it intends to study pros and cons of creating a government-controlled digital currency, the Central Bank’s deputy chairwoman Olga Skorobogatova stated at Finnopolis 2016 forum in Kazan.

“The global trend is to watch and invest in understanding how to make a national digital currency, because it is safe for a country and its citizens. I believe this thing will actively develop within the next few years, and the Bank of Russia also studies all pros and cons of this thing,” she said.

According to Skorobogatova, there still is no common understanding in Russia as to what cryptocurrency actually is: a security, a financial tool, or digital money.

“We have not come to any unified definition so far. As soon as we

Read more ... source: TheBitcoinNews

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