{"id":43594,"date":"2021-06-02T10:12:38","date_gmt":"2021-06-02T07:12:38","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=43594"},"modified":"2025-08-31T13:06:17","modified_gmt":"2025-08-31T10:06:17","slug":"nabiullina-digital-currencies-are-the-future-of-the-financial-system","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/nabiullina-digital-currencies-are-the-future-of-the-financial-system\/","title":{"rendered":"Nabiullina: Digital currencies are the future of the financial system"},"content":{"rendered":"<p>As the economy moves online, central-bank digital currencies will be the future of financial systems, said Elvira Nabiullina, head of the Bank of Russia, in an interview with CNBC.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>&#8220;There is a need for fast and cheap payment systems, and central-bank digital currencies can fill this gap,&#8221; she said.<\/p>\n<\/blockquote>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>&#8220;If each bank creates its own system in line with local standards, it will be very difficult to build interconnections between [different] systems to facilitate cross-border payments.&#8221;<\/p>\n<\/blockquote>\n<p>As noted, among the advantages of the central bank&#8217;s digital ruble being developed, Nabiullina <a href=\"https:\/\/u1f987.com\/en\/news\/nabiullina-highlights-advantages-of-the-digital-ruble\">named<\/a> the low cost of operations, the ability to track spending, and a high level of protection.<\/p>\n<p>More on the digital ruble in ForkLog&#8217;s exclusive:<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news on our <a href=\\\"\/\/telegram.me\/forklog\\\" target=\\\"\u201c_blank\u201d\\\" rel=\\\"\u201cnofollow\u201d noopener\\\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As the economy moves online, central-bank digital currencies will be the future of financial systems, said Elvira Nabiullina, head of the Bank of Russia.<\/p>\n","protected":false},"author":1,"featured_media":43595,"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":[345,1095,1165,1996,1138],"class_list":["post-43594","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bank-of-russia","tag-cbdc","tag-digital-ruble","tag-elvira-nabiullina","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/43594","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=43594"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/43594\/revisions"}],"predecessor-version":[{"id":43596,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/43594\/revisions\/43596"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/43595"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=43594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=43594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=43594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}