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Russia Enacts CBDC Law, Digital Ruble Implementation Set for 2024

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Source: Crypto Briefing
Russia Enacts CBDC Law, Digital Ruble Implementation Set for 2024
Photo: Crypto Briefing
TL;DR

The Russian President has signed into law the legislation for the digital ruble, paving the way for the Central Bank of Russia to pilot the new digital currency starting in August 2023. The digital ruble will act as a payment and money transfer mechanism, and Russian citizens will have the choice to use it alongside cash and non-cash rubles. The mass adoption of the digital ruble is not expected before 2025 or 2027.

Topics:worldcryptocurrency#central-bank-digital-currency#cryptocurrency#digital-ruble#implementation#legislation#russia
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  1. Russian CBDC Signed into Law; Implementation Expected by 2024  Crypto Briefing
  2. Russia to Pilot Digital Ruble (RUB USD) as Putin Grapples With War Impact  Bloomberg
  3. Putin Signs Digital Ruble Law Making a CBDC Possible in Russia  CoinDesk
  4. Putin signs digital ruble bill, Japan explores a digital yen, and Nigeria upgrades the eNaira app  Kitco NEWS
  5. Russian Lawmakers OK Bill On Islamic Banking In Four Mostly Muslim Regions  Radio Free Europe / Radio Liberty
  6. View Full Coverage on Google News

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