{"id":33869,"date":"2020-12-23T15:52:04","date_gmt":"2020-12-23T13:52:04","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=33869"},"modified":"2025-08-28T16:01:31","modified_gmt":"2025-08-28T13:01:31","slug":"cbdcs-could-rival-swift-says-bank-of-russia","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/cbdcs-could-rival-swift-says-bank-of-russia\/","title":{"rendered":"CBDCs Could Rival SWIFT, Says Bank of Russia"},"content":{"rendered":"<p><span style=\\\"font-weight: 400;\\\">Central bank digital currencies (<\/span><span style=\\\"font-weight: 400;\\\">CBDC<\/span><span style=\\\"font-weight: 400;\\\">) could rival the international cross-border payments system SWIFT. This view was expressed by Bank of Russia&#8217;s First Deputy Chairman Olga Skorobogatova, according to <\/span><a href=\\\"https:\/\/www.rbc.ru\/finances\/23\/12\/2020\/5fe31a799a79476e537cdf8a\\\" target=\\\"_blank\\\" rel=\\\"noopener noreferrer\\\"><span style=\\\"font-weight: 400;\\\">\u0420\u0411\u041a<\/span><\/a><span style=\\\"font-weight: 400;\\\">.<\/span><!--more--><\/p>\n<p>\\n<\/p>\n<p><span style=\\\"font-weight: 400;\\\">She noted that many central banks are currently working on their own CBDCs.<\/span><\/p>\n<p>\\n<\/p>\n<blockquote>\n<p><span style=\\\"font-weight: 400;\\\">\u201cI think the speed with which regulators have dived into this topic is exactly indicative that within five to seven years a number of countries will launch their own national digital currencies,\u201d Skorobogatova said.<\/span><\/p>\n<\/blockquote>\n<p>\\n<\/p>\n<p><span style=\\\"font-weight: 400;\\\">In her view, with the issuance of CBDCs the SWIFT system may not be needed because of \u201cother technological interactions.\u201d At the same time, it could be used as one of the platforms for digital currencies, Skorobogatova added.<\/span><\/p>\n<p>\\n<\/p>\n<p><span style=\\\"font-weight: 400;\\\">The Bank of Russia&#8217;s deputy chairman, Alexei Zabotkin, noted that to seriously tackle the use of CBDCs for international settlements one will be able only after their practical deployment in certain jurisdictions.<\/span><\/p>\n<p>\\n<\/p>\n<blockquote>\n<p><span style=\\\"font-weight: 400;\\\">\u201cWe need to ensure that this operates reliably and safely, and that demand for this form of money will indeed be the level we expect,\u201d he said.<\/span><\/p>\n<\/blockquote>\n<p>\\n<\/p>\n<p><span style=\\\"font-weight: 400;\\\">The Bank of Russia <a href=\"https:\/\/u1f987.com\/en\/news\/peskov-digital-ruble-will-help-fight-poverty\">is exploring the possibility<\/a> of issuing a digital ruble.\u00a0<\/span><\/p>\n<p>\\n<\/p>\n<p><span style=\\\"font-weight: 400;\\\">Earlier, Olga Skorobogatova said that it <a href=\"https:\/\/u1f987.com\/en\/news\/central-bank-says-digital-ruble-could-free-users-from-payment-slavery\">will enable reducing the costs<\/a> of servicing cashless payments.<\/span><\/p>\n<p>\\n<\/p>\n<p><span style=\\\"font-weight: 400;\\\">For more on how the Russian central bank envisions its own CBDC, read ForkLog\u2019s exclusive.<\/span><\/p>\n<p>\\n<\/p>\n<blockquote class=\\\"wp-embedded-content\\\" data-secret=\\\"VLzKi1gz0J\\\">\n<p><a href=\"https:\/\/u1f987.com\/en\/news\/accessibility-and-traceability-how-the-bank-of-russia-sees-the-digital-ruble\">Public accessibility and traceability: how the Bank of Russia sees the digital ruble<\/a><\/p>\n<\/blockquote>\n<p>\\n<\/p>\n<p><iframe loading=\\\"lazy\\\" class=\\\"wp-embedded-content\\\" sandbox=\\\"allow-scripts\\\" security=\\\"restricted\\\" style=\\\"position: absolute; visibility: hidden;\\\" title=\\\"\u201cPublic accessibility and traceability: how the Bank of Russia sees the digital ruble\u201d \u2014 ForkLog\\\" src=\\\"https:\/\/u1f987.com\/exclusive\/obshhedostupnost-i-otslezhivaemost-kakim-bank-rossii-vidit-tsifrovoj-rubl\/embed#?secret=xTr6av37Y0#?secret=VLzKi1gz0J\\\" data-secret=\\\"VLzKi1gz0J\\\" width=\\\"500\\\" height=\\\"282\\\" frameborder=\\\"0\\\" marginwidth=\\\"0\\\" marginheight=\\\"0\\\" scrolling=\\\"no\\\"><\/iframe><\/p>\n<p>\\n<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\\\"https:\/\/t.me\/forklogfeed\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog Feed<\/a> \u2014 full news feed, <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Central bank digital currencies (CBDCs) could rival the international cross-border payments system SWIFT. This view was expressed by Bank of Russia&#8217;s First Deputy Chairman Olga Skorobogatova, according to RBC.<\/p>\n","protected":false},"author":1,"featured_media":33870,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[345,1095,116],"class_list":["post-33869","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bank-of-russia","tag-cbdc","tag-swift"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/33869","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=33869"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/33869\/revisions"}],"predecessor-version":[{"id":33871,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/33869\/revisions\/33871"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/33870"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=33869"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=33869"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=33869"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}