“As for banks, I think that the traditional role that they performed will gradually fade away with the development of the blockchain,” Aksakov said.
However, current banks will be able to find a use for themselves as part of the infrastructure for digital financial assets.
Aksakov recently expressed the opinion that by the end of 2023 the turnover of digital rubles will be measured in billions.
Russia recently adopted a law on the introduction of the digital ruble into the banking system. The Central Bank of the Russian Federation, which is assigned the status of the operator of the CBDC platform, now has the right to refuse any commercial bank to conduct a transaction.
Meanwhile, according to a survey by the media holding Rambler & Co, a little less than half of Russians do not plan to use the digital ruble. More than half of the respondents – 53% – do not understand how the digital ruble system works.
Source: Bits
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