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Russia’s Digital Ruble ‘Will Affect Banks’ Liquidity’ – Report
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Russia’s digital ruble will affect the commercial banking sector’s liquidity, experts have claimed as the nation prepares for a CBDC rollout.
Per the media outlet Comnews, Russian financial industry experts expressed mixed feelings about the CBDC at a banking conference.
Tatyana Rozhdestvenskaya, Professor of the Department of Financial Law at the Kutafin Moscow State Law University, said that it would be “impossible to issue loans […] or accrue interest” using the digital ruble. She added:
“[The Russian legal system] has accepted the digital ruble as a form of non-cash money. So we must reconsider the laws surrounding the coin.”
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