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Central Bank promises “not to organize a concentration camp” when implementing the digital ruble

Both cash, non-cash and digital rubles will be in circulation at the same time,” the official tried to assure.

The deputy head of the department reminded that the digital ruble will simply complement the existing forms of Russian money. The choice of the form in which a person is comfortable receiving their money will remain.”

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Dmitry Ibragimov is convinced that the authorities will not arrange surveillance of citizens using the digital ruble:

“There is no need for total surveillance of citizens by the state or its authorized supervisory bodies. Credit organizations must report financial anomalies or suspicious transactions to Rosfinmonitoring if they are detected”.

The State Duma passed the digital ruble bill in its final form on Tuesday, July 11