Russian Central Bank: Digital Ruble ‘Doesn’t Use Biometric Data’

The Russian Central Bank says that its CBDC, the digital ruble, “has nothing to do with” state efforts to collect biometric data. The bank began piloting its CBDC just over a month ago in 11 cities nationwide. Russian MPs last year voted in a law that allows banks and state agencies to collect biometric data on their clients. This data includes facial scans and fingerprints. This gave rise to the Unified Biometric System (UBS), which the Kremlin and banks will use as a national digital remote identification platform. But the two projects appear to have been conflated by many observers. And that has given rise to a spate of digital ruble and biometrics-themed fraudsters. Last month, multiple regions warned that their citizens had been targetted with emails and phone calls from apparent scammers. Many of these alleged scammers asked potential victims to submit biometric data in order to convert their cash ruble savings to CBDC tokens. Per the state-run TV network Channel One (Pyerviy Kanal), Elvira Nabiullina, the Governor of the Russian Central Bank, said that the digital ruble “has nothing to do with biometrics.” Nabiullina added: “Biometrics and the digital ruble are two projects that are absolutely unrelated to each other. The use of the digital ruble does not involve the mandatory use of biometrics. Both projects – the UBS biometrics submission and the use of the digital ruble – are completely voluntary. This is our principled position on the matter.” Russian CBDC & Biometric Data Projects Not Linked, Bank Claims. Nabiullina also noted that while “submitting biometric data” was “a voluntary decision for Russian citizens,” over 50 million people had come forward to hand over their data thus far. The Deputy Head of the Russian Ministry of Digital Development’s Digital Identification Technology Department, Yuri Shabano, claimed that “less than 1%” of people had thus far “refused” to submit their biometric data. #crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptoworlddaily #russia #russianews #russianewstoday #cbdc #cbdcnews #crypto ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research. bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple