The Russian Central Bank says it plans to begin classifying the digital ruble, the nation’s CBDC, as a “high-quality liquid asset” (HQLA), and will likely eventually oblige banks in the country to follow suit.
Central banks typically classify assets such as fiat cash, central bank reserves, and government bonds issued by nations with high credit ratings as “high-quality liquid assets (HQLAs).”…
Read More: Russian Central Bank: Digital Rubles Will Be Classified as ‘Highly Valuable Liquid Assets’