Members of the Russian banking industry fear that the current digital ruble plans could lead to financial problems.

2020-11-27 23:21
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According to Coindesk, Olga Skorobogatova, president of the Central Bank of Russia, met with representatives of several large companies on Thursday to seek advice on the concept of the digital ruble. A major concern for financial companies is that the digital advantages they are now envisioning will become too great at first. Alexander Samokhvalov, director of the Russian Standard Bank, said the companies would support the plan to become a mediator, but said he would not allow the Russian Central Bank to control the ruble user at all. Samokhvalov said that at the end of the day "there is no more room for business", which could lead to bankruptcy of the bank.

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