Director of the Institute of Economics of the Russian Academy of Sciences (RAS) Mikhail Golovnin said that after the massive implementation of the digital ruble, the key feature of cash would disappear – anonymity.

Golovnin emphasized that all operations of the population with digital rubles will be completely monitored by the regulator.

“The digital ruble will not only replace cash, but also deprive private banks of the base for their activities, the income that they received, for example, from payments,” said Golovnin.

According to him, at the moment, banking institutions use funds on their accounts to pay interest and issue them as loans for individuals and legal entities.

After the mass introduction of a digital ruble begins from next year, some of the liabilities of banks will finally disappear. This will become a serious challenge to the financial sector and will require the search for new business models that can compensate for the loss of familiar sources of income was summarized by Golovnin.

Earlier, the Bank of Russia said that the introduction of a digital ruble should not lead to a significant outflow of capital from the traditional banking sector.