| Kovtun Daria Andreevna, Myzina Arunai Arkadievna, Okrokova Anastasia Alexandrovna, Starovoyt Daria Dmitrievna
Project financing in Russian practice
ID number: J202162
Abstract: This paper discusses digital currency and digital ruble in particular.The purpose of the paper is to understand whether digital ruble is a technology that can significantly affect national economy or is it just a thing that most people will not bother to deal with. Although on the website of Russian Central Bank there are number of reports about launching this new technology, no special steps (apart from writing a few new laws) towards its start have not been taken yet.In the beginning this paper covers basic theory behind the technology itself and collects all so far known information about digital ruble.The article includes all known information on the way digital ruble is going to work.It also includes all its features that are new in the electronic field of national economy.Reports of Central Bank of Russia and some sayings of representatives of Ministries have been studied for this purpose.Besides, the authors of the paper study international experience of implementing and testing digital currency.Particularly, Chinese experience in testing and writing policy for digital Yuan are analyzed in details. The authors compare Chinese and Russian solutions about dealing with digital money in national economies due to the fact that Chinese policy on digital currency is almost complete.In addition, the paper discusses advantages and disadvantages of using digital currency in Russian economy.Opinions of citizens and businesses have been studied and collected. In conclusion of the article, some possible outcomes of implementing the technology and applying the policy are given
Key-words: digital currency, digital economy, financial technology, non-cash, blockchain
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