The Bank of Russia’s consultation paper demonstrates that the country is serious about issuing its own digital currency.
It can be a game-changer in the currencies, paving a way for all the countries to follow. Who knows, maybe digital currency can be the future of currencies in the world.
It’s like a Government sanctioned cryptocurrency. Initially, they will launch it in addition to the already existing cash currency and eventually replace it altogether.
Meanwhile they are trying to stiffle as much as possible all other digital currencies. A lesson learned from China? Not that China has been particularly successful.