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Central Bank of Russia Reviews Potential Benefits and Drawbacks of CBDCs

Published 04/19/2019, 12:04 PM
Updated 04/19/2019, 12:22 PM
Central Bank of Russia Reviews Potential Benefits and Drawbacks of CBDCs

The central bank of Russia has reviewed the potential benefits and drawbacks of central bank digital currencies (CBDC) in a policy brief published on April 18.

In the document, entitled “Is there a future for central bank digital currencies,” the Central Bank of the Russian Federation outlined a number of potential benefits of CBDCs, such as their capability to reduce transaction costs in the economy, as well as provide an asset that is less risky and more liquid.

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