Prospects of the Central Bank Digital Currencies in the Post-Soviet States

3
Prospects of the Central Bank Digital Currencies in the Post-Soviet States
// Russia and New States of Eurasia. 2021. No IV (LIII). P. 145-163

DOI: 10.20542/2073-4786-2021-4-145-163

Abstract

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.


Keywords

Central Bank Digital Currency, crypto-currency, post-Soviet states


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For citation:
Polivach A. Prospects of the Central Bank Digital Currencies in the Post-Soviet States. Russia and New States of Eurasia, 2021, No IV (LIII), pp. 145-163. https://doi.org/10.20542/2073-4786-2021-4-145-163



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