Coronavirus Driving Interest in CBDCs, Say Central Bank Chiefs
Central banks meeting in Russia said the coronavirus pandemic is a driving force behind growing interest in national digital currencies.
Russia's central bank told CoinDesk that over 80% of feedback on the digital ruble was supportive of the project.
A Russian cryptocurrency and blockchain association warns the Bank of Russia against centralizing the digital ruble.
The digital ruble will live in a hybrid technological platform combining distributed ledger technology and centralized control by the central bank.
Russian banks and financial brokers are worried the digital ruble will be a burden for them.
Russian banks fear being left out of the central bank's proposed digital currency system, according to a report.