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22 October 2019

Russia Remains Crypto-Aware but Doesn’t see the need for a National Digital Currency

Russia Remains Crypto-Aware but Doesn’t see the need for a National Digital Currency


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In Russia’s case, they do not believe the benefits offered by a sovereign digital currency outweigh the systemic risks.

All of this is in stark contrast to China, which has been studying digital currencies and has decided to launch a national digital currency sometime in the near future.

Despite their indifference to sovereign digital currencies, Russia is one of the few countries that has not seen Libra as a threat to the global monetary system.

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