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The Bank of Russia opposes private stablecoins in the country

NFT, crypto
Published 2 years ago
ID #1775
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The Bank of Russia opposes private stablecoins in the country
NFT, crypto,
Published 2 years ago

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An unnamed central bank representative dismissed talks on Russia based stablecoins, started last week by the director of the finance ministry's financial policy department, Ivan Chebeskov.

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In a new episode of the long battle between the Central Bank of Russia - BCR and the country's Ministry of Finance, representatives of the former have criticized the latter's idea of supporting stablecoins, which some private investors have tried to launch in the country.

Chebeskov was in favor of the creation of stablecoinslinked to assets such as the ruble, gold, oil or grain. He called it the right way to develop a new technology and urged private companies to try this type of financial tool if they deem it necessary.


Russia stablecoins

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    Stablecoins Bank Private Russia