Is there a Crypto Ruble Central Bank Digital Currency in Russia’s future?

Colleagues, central bankers around the world have commented on the viability of a CDDC in their respective nations for the past 2-3 years. The US Federal Reserve, PBoC, Bank of England, EBC and the State Bank of the Russian Federation have each weighed-in on this critical matter. Although the Cryptocurrency Academy does not want to handicap the odds and timetable for each nation state this we do know: The central banks of many of the world’s largest economics are seriously considering a CBDC. We have previously published posts on the US Fed and the PBoC. More recently, we have seen Russia’s central bankers prediction of a CBDC within the next 24-36 months. This forecast is generally in line with the statements (and actions) of their peers in other nations. Nevertheless, the BoE would appear to be in the lead with the PBoC Closely behind. The US Fed is cautiously assessing the viability of a US CBDC; however, major concerns over security and transparency remain. Not so with the PBoC which is actively developing the infrastructure for a Chinese CBDC as is the BoE. Russian officials state that future Crypto Ruble might even have parity with the existing fiat Ruble. We hold fast to our own prognostication: Within 2-3 years, these nations – along with Japan – are highly likely to have launched or be in an advanced development and testing phase of CBDCs. Post a comment today! Lawrence – Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com/)