{"id":19455,"date":"2021-02-19T16:59:41","date_gmt":"2021-02-20T00:59:41","guid":{"rendered":"https:\/\/setapartbytruth.org\/wordpress-watchman\/?p=19455"},"modified":"2021-02-19T15:39:03","modified_gmt":"2021-02-19T23:39:03","slug":"bitcoinski-russia-could-become-first-country-to-make-entire-currency-digital-as-cryptocurrency-booms","status":"publish","type":"post","link":"https:\/\/setapartbytruth.org\/wordpress-watchman\/bitcoinski-russia-could-become-first-country-to-make-entire-currency-digital-as-cryptocurrency-booms\/","title":{"rendered":"BITCOINSKI Russia could become first country to make entire currency DIGITAL as cryptocurrency booms"},"content":{"rendered":"

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Alice Peacock<\/a> – February 18, 2021<\/p>\n

Discussions are underway about the launch of the digital ruble with local banks and the country\u2019s financial watchdog has reportedly said it would present a more detailed concept by summer.<\/p>\n

The head of the Central Bank of Russia, Elvira Nabiullina, said the regulator had received detailed feedback from the banking community about the prospect in a report back in October.<\/p>\n

According to an RT report,<\/a> most lenders expressed their support over a two-level model of the digital ruble.<\/p>\n

The model would allow banks to open wallets for their clients on the central bank\u2019s platform and conduct operations with the currency.<\/p>\n

Nabiullina said: \u201cWe will develop a more detailed concept and start discussing it with the public, market participants, and banks at the beginning of summer.\u201d<\/p>\n

The next step would involve launching and testing a special platform.<\/p>\n

The adoption of the new form of currency would also require amending legislation.<\/p>\n

Russia\u2019s central bank revealed its plan to assess the possibility of creating a digital form of the country\u2019s national currency in its report published in October last year.<\/p>\n

The digital ruble would exist along with cash and non-cash rubles, and would allow private and corporate users to freely transfer digital rubles to their electronic wallets.<\/p>\n

The revelations come amid a boom in the price of the cryptocurrency bitcoin, which surged to record highs last week.<\/p>\n

https:\/\/www.the-sun.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Alice Peacock – February 18, 2021 Discussions are underway about the launch of the digital ruble with local banks and the country\u2019s financial watchdog has reportedly said it would present a more detailed concept by summer. The head of the Central Bank of Russia, Elvira Nabiullina, said the regulator had received detailed feedback from the … Continue reading BITCOINSKI Russia could become first country to make entire currency DIGITAL as cryptocurrency booms<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[19],"tags":[7710,15593,15591,15592,11],"class_list":["post-19455","post","type-post","status-publish","format-standard","hentry","category-watching","tag-bitcoin","tag-cryptocurrency","tag-digital-ruble","tag-elvira-nabiullina","tag-russia"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p8fAkI-53N","_links":{"self":[{"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/posts\/19455","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/comments?post=19455"}],"version-history":[{"count":1,"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/posts\/19455\/revisions"}],"predecessor-version":[{"id":19457,"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/posts\/19455\/revisions\/19457"}],"wp:attachment":[{"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/media?parent=19455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/categories?post=19455"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/tags?post=19455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}