With the introduction of the digital ruble in Russia, there will be no digital concentration camps and cash will remain in circulation. This was reported by the Central Bank of the Russian Federation to socialbites.ca and listed the main myths about the new type of currency.
The first popular myth is that people’s money will be replaced by digital rubles and cash will be completely withdrawn from circulation. So anyone can be deported to a digital concentration camp.
“The digital concentration camp was not planned. Cash, non-cash and digital rubles will be in circulation simultaneously,” said Dmitry Ibragimov, Deputy Head of the Security Directorate of the Central Federal District of the Bank of Russia. They will be an addition to the already existing forms of Russian money. That is, they will be equivalent in terms of solvency.
According to the expert, another common myth is that public sector salaries, pensions and benefits will be paid only in digital rubles.
“In the future, people will be able to receive a pension or salary in digital rubles, but only at their own request. The choice of the form in which it will be convenient for a person to receive his money will remain, ”explained Ibragimov.
Finally, the third myth says that the state will monitor all transactions of those using digital rubles.
“There is no need to organize total surveillance of citizens by the state or its authorized regulatory agencies. Credit institutions are required to notify Rosfinmonitoring in case of detection of financial anomalies or suspicious transactions,” the representative of the Central Bank said.
The expert noted that the amount of information collected about citizens when making payments or transfers in digital rubles will not exceed the already established one.
6 July First Deputy Governor of the Central Bank Olga Skorobogatova saidthat it will be possible to start paying with digital rubles in two to four years in the future. He added that the introduction of the digital currency is a lengthy process that does not need to be expedited.
Former Analyst judicial The main advantage of the digital ruble.