Russia and China are planning cooperation in regulating CBDCs

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Von: Krypto News Österreich

Einigung zwischen Russland und China zur Regulierung von CBDCs? Der russische Generalstaatsanwalt Igor Krasnow hat gefordert, dass die russische und chinesische Zentralbank bei der Regulierung von Central Bank Digital Currencies (CBDCs) zusammenarbeiten müssen. Diese Aussage kommt nur wenige Tage, nachdem die Staatsduma, das russische Parlament, für einen Gesetzentwurf gestimmt hat, der Tests für den digitalen Rubel ermöglicht. Die russische Zentralbank plant, Anfang nächsten Monats gemeinsam mit 13 inländischen Geschäftsbanken ein Pilotprojekt für den digitalen Rubel zu starten. Unterdessen befindet sich China bereits in der Spätphase seines eigenen Piloprojekts für den digitalen Yuan. Die Zentralbank von China (PBoC) testet derzeit Offline-Geldbörsen …
Agreement between Russia and China to regulate CBDCs? The Russian Attorney General Igor Krasnow has called for the Russian and Chinese central bank to work together in the regulation of Central Bank Digital Currencies (CBDCs). This statement comes only a few days after the state duma, the Russian parliament, has voted for a draft law that enables tests for the digital ruble. The Russian central bank is planning to start a pilot project for the digital rubles together with 13 domestic commercial banks at the beginning of next month. Meanwhile, China is already in the late phase of his own pilo project for the digital Yuan. The Central Bank of China (PBOC) is currently testing offline money exchanges ... (Symbolbild/KNAT)

agreement between Russia and China for regulating CBDCs?

The Russian Attorney General Igor Krasnow has called for the Russian and Chinese central bank to work together in the regulation of Central Bank Digital Currencies (CBDCs). This statement comes only a few days after the State Duma, the Russian Parliament, has voted for a draft law that enables tests for the digital ruble.

The Russian central bank plans to start a pilot project for the digital ruble at the beginning of next month together with 13 domestic commercial banks. Meanwhile, China is already in the late phase of his own pilo project for the digital Yuan. The Central Bank of China (PBOC) is currently testing offline money exchanges and integrates CBDC money exchanges into state-based social security cards.

Russia's Attorney General Krasnow emphasized that in the shared interest of both countries, it was possible to create a legal system that could prevent the possible criminal abuse of CBDCs. He expressed these views during a meeting with his Chinese counterpart Ying Yong.

Krasnow mentioned that China was one of the first countries that CBDC introduced to protect the economy from the criminal influence of cryptocurrencies. The Russian judicial system can benefit from an exchange of information about the legal regulation of CBDCs and the protection against criminal influence.

Furthermore, Krasnov pointed out that the State Duma has already passed the CBDC law, which comes into force on August 1st. Some provisions of the law should become effective at a later date. The law also enables non -residents in Russia to open up -to -walls at the central bank's discretion. This indicates that Russia wants to use its digital ruble from the start as an instrument of international trade.

This attitude differs from the original position of China, which wanted to develop the digital Yuan exclusively for domestic use. In recent months, however, the cessation of the Chinese central bank has changed somewhat. Officials have started talking about the "cross -border" properties of the digital Yuan. Chinese banks have already tested cross -border payments with Hong Kong and Macau.

Olga Skorobogatova, the first deputy governor of the Russian Central Bank, was recently positive over the "fantastic" idea of ​​cross -border CBDCs and stated that her bank discussed it. However, Skorobogatova emphasized that a cross -border introduction of CBDCs is unlikely.

It remains to be seen whether Russia and China will actually be closely collaboration to regulate CBDCs. Such cooperation could help ensure the security and the regulated use of digital currencies worldwide.