Russia Central Bank Says ‘No Obvious Need’ For National Cryptocurrency

Russian central bank federation does not see the need to launch a Russia national cryptocurrency. Speaking at the forum the head of the national bank, Elvira Nabiullina stated that the institution has been studying the topic of cryptocurrency and the launch of a national cryptocurrency is not obvious for us.

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She further questioned the cryptocurrency use for technological reasons and their advantage on Nation’s Economy. Giving an example, she says “For instance, in comparison with existing electronic non-cash payments. There are many risks, and the advantages may not be obvious enough.”