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HomeAltcoin NewsIf a CBDC Is an ‘Instrument of Control,’ It’ll Fail – Expert

If a CBDC Is an ‘Instrument of Control,’ It’ll Fail – Expert

A financial expert has hit out at the Russian Central Bank’s digital ruble project, hinting that it amounts to a plan to control the entire financial system – and claiming that if this is the case, it will fail both on the domestic and the international stages.

Speaking to Regnum, Konstantin Ordov, a professor of financial management at the Plekhanov Russian University of Economics, stated that to create a digital ruble “in order to form a new instrument of control” would “discredit the very notion of digital transformation” – the Central Bank ostensible goal.

Ordov added,

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