The head of the Russian Central Bank is considering the issuance of the proprietary digital currency (Central Bank Digital Currency or CBDC), the head of the bank, Elvira Nabiullina, said recently, speaking at the student conference in Skolkovo.





“Indeed, the Central Bank Digital Currency cannot be launched instantly, however, many central banks, including Russian, have been studying this possibility,” she explained, cited by the local media outlet Tass.





Elaborating on the issue, Nabilullina added that such a project requires sustainable and secure technologies that will ensure stable and interruption-free functioning of the system.





“The technologies should be mature, and distributed ledger technologies are no exception here,” she said.

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