Digital ruble in the system of digital currencies: opportunities and development prospects
https://doi.org/10.26425/1816-4277-2025-10-273-280
Abstract
Amid deglobalisation, Russia affirms resilience and currency sovereignty. Geopolitical shifts and changing economic situation intensify the need for rapid de-globalisation. This article examines nations’ adoption of digital currencies, exploring their application for various aims. The study spotlights the influence of financial technologies on the development and functioning of the digital ruble, positioning it as a key element in the payment industry. Considering the increasing rise of cashless systems and impact of private digital currencies on the money supply, this paper stresses state control over digital money issuance and circulation. It proposes promising conditions for optimal digital currency growth within Russia. Recent cryptocurrency changes are analysed, focusing on nations’ attitudes towards the innovative technology. Issues regarding current and future digital currency regulations are explored. The paper investigates failed private cryptocurrency attempts and highlights successful cases of countries leveraging digital currencies to bypass sanctions and strengthen economic independence. It also tackles the problems and risks tied to the implementation of the digital ruble, suggesting better regulation, legal protections for users, and incentives promoting widespread usage, such as making the asset more appealing and providing a secure interface for transits.
About the Authors
V. A. Logvinov
State University of Management
Russian Federation
Russian Federation
Vyacheslav A. Logvinov - Student
Moscow
S. L. Sumbatyan
State University of Management
Russian Federation
Russian Federation
Sona L. Sumbatyan - Cand. Sci. (Econ.), Assoc. Prof. at the Finance and Credit Department
Moscow
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Review
For citations:
Logvinov V.A., Sumbatyan S.L. Digital ruble in the system of digital currencies: opportunities and development prospects. Vestnik Universiteta. 2025;1(10):273-280. (In Russ.) https://doi.org/10.26425/1816-4277-2025-10-273-280
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