The Russian Central Bank has revealed new details about how the digital ruble works. And they caused a stir among the banking sector.
According to the plan of the Bank of Russia, all cryptocurrency wallets for the digital ruble will be created on the government platform. All transactions with electronic coins will be carried out here. This will allow the government agency to strengthen control over the financial transactions of the population and companies.
Commercial banks, which were previously assigned a controlling role in the economic system, will be transferred to the status of ordinary market players, which may lead to an outflow of capital from private networks.