Subject. The article discusses the digital currency of central banks. Objectives. The study focuses on the nature and functions of digital currencies of central banks so as to evaluate how they could be implemented into domestic and external economic processes. We also analyze the best existing practices of creating digital currencies in central banks. Methods. The study is based on methods of logic, comparative and statistical analysis. Results. We analyze how virtual currencies originate and evolve, and examine what may make central banks regulate them. Virtual and digital currencies are analyzed and interpreted as we see the matter. We scrutinize how digital currencies are implemented worldwide, and extensively analyze the future of the Russian digital currency of the central bank. The article reviews materials of the Bank of Russia on the implementation of the digital ruble, evaluating advantages of doing it in various economic sectors. Conclusions and Relevance. We herein analyze risks of virtual and digital currencies and evaluate the future of implementation of central banks’ digital currencies. The article outlines the future and risks of the digital ruble and benefits of using it across economic sectors (the State, business, individuals, etc.). The issues has not be sufficiently studied scientifically and practically, continuing our own research into the matter. The article spotlights some disputable issues. The findings can be used by the Bank of Russia and commercial banks.
Keywords: virtual currency, digital currency, central bank, Bank of Russia, digital ruble
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