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U.S. loses key sanction weapon. Digital Currencies and SWIFT

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U.S. loses key sanction weapon. Digital Currencies and SWIFT

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Digital currencies may challenge SWIFT global payment network, says Russian central bank

Digital currencies may challenge SWIFT global payment network, says Russian central bank

The development of digital currencies may challenge the SWIFT international banking payment system and could eventually make it redundant, the Central Bank of Russia (CBR) has said. More than 30 financial regulators are currently working on their national digital currencies, according to First Deputy Governor of the CBR, Olga Skorobogatova.

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The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.

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Glaucio Sombra
Glaucio Sombra
January 2, 2021

SANCTIONS ARE DETRIMENTAL TO ALL BANKS IN GENERAL.

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