The head of the Russian Central Bank Confirmed the Government Interest in Stablecoins
The head of the Central Bank of the Russian Federation Elvira Nabiullina said that one of the divisions of the regulatory “sandbox” has already begun testing stable cryptocurrencies. She claims that various companies that are going to issue stable digital coins apply to the Central Bank. Then the employees of the main financial enterprise of the state are studying the mechanisms of their tokens. The first thing is to define what exactly these digital assets are:
- means of payment;
- money substitute.