Open AccessProspects of the Central Bank Digital Currencies in the Post-Soviet States
Author(s) -
A. Polivach
Publication year - 2021
Publication title -
rossiâ i novye gosudarstva evrazii
Language(s) - English
Resource type - Journals
ISSN - 2073-4786
DOI - 10.20542/2073-4786-2021-4-145-163
Subject(s) - digital currency , currency , central bank , business , cryptocurrency , political science , financial system , economy , economics , monetary policy , monetary economics , computer security , computer science
This article analyses prospects of introduction of Central Bank Digital Currencies (CBDC) in eleven post-Soviet states as well as their policy towards crypto-currencies. Azerbaijan, Armenia, Kyrgyzstan and Moldova have not taken a final decision yet about the CBDC while the crypto-currency industry is not regulated by law and is not much developed in these countries. Belarus, Georgia and Uzbekistan attempt to get profits by stimulating crypto-currency industry and making their jurisdictions attractive for such business. But these countries also have not decided yet about the CBDC. Kazakhstan and Tajikistan announced plans to introduce national CBDCs. Ukraine attempts to go in both directions – to stimulate crypto-currency industry and to introduce national CBDC.