MOSCOW, Dec 3 (Reuters) - Russian banks are concerned that
the introduction of a digital form of the rouble, currently
under consideration by the central bank, could hurt their
profits, Governor Elvira Nabiullina said on Thursday.
The central bank first floated the idea of the digital
rouble in October, saying it may issue it on top of existing
cash and non-cash roubles to facilitate payments for individuals
"The digital rouble may create new risks. We are closely
studying them," Nabiullina said at a meeting with
representatives of small businesses.
These could be cyber risks and risks related to the
influence of this new form of money on the financial sector,
banks and monetary policy, Nabiullina said.
"For now we see that the main concerns about the digital
rouble are brought about by banks who view it as a factor in
reducing their own profits," she added.
The central bank has said the digital rouble would
eventually make Russia's payment systems more robust, but still
opposes the use of cryptocurrencies. Russia only gave
cryptocurrencies legal status this year, while banning them from
being used as a means of payment.
(Reporting by Elena Fabrichnaya; Writing by Alexander Marrow;
Editing by Catherine Evans)