untitled design

Opinion: The digital ruble will not be able to undermine the position of bitcoin

In the Russian expert community, a growing number of those who believe that the Central Bank will not be able to deliver a crushing blow to Bitcoin.

Even the rapid emergence of a national digital currency pegged to the ruble will not help reduce the use of BTC and other decentralized cryptocurrencies. This point of view, for example, is shared by Antonina Levashenko, who heads the Russian Center for OECD Analysis and Standards Competence, RANEPA.

The expert recalled that in some countries it is already possible to use bitcoin when paying for goods and services. For example, BTC is used as a means of payment in Australia, New Zealand and many other countries.

The digital ruble, even if it becomes the most comfortable tool, is unlikely to be able to undermine the position of bitcoin, ether or any other virtual coin on the Russian market.

The economist added that many states are now moving towards crypto regulation.

Moreover, they are trying to increase the transparency of transactions with digital currencies by developing legislation for crypto services and exchanges, Levashenko noted.

You may also like

Get the latest

Stay Informed: Get the Latest Updates and Insights

 

Most popular