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Russian Finance Minister Touts Digital Ruble’s Strength for Budgetary Control
Russian Finance Minister Touts Digital Ruble’s Strength for Budgetary Control
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BTCCSquare news:
Russia's Finance Minister Anton Siluanov has championed the digital ruble as a robust and dependable alternative to its fiat counterpart, emphasizing its unique advantages for state budgetary transactions. The central bank digital currency (CBDC) enhances fiscal traceability and control—a strategic priority for Moscow amid tightening financial oversight.
While Siluanov did not explicitly contrast the digital ruble with private stablecoins, his remarks underscore a global trend of nation-states asserting monetary sovereignty through CBDCs. The development aligns with Russia's broader pivot toward financial infrastructure resilience.
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