Russia: Federal Law No. 340-FZ establishing the legal framework for the introduction of the digital ruble (Bill No. 270838-8)
Progress
Scope
Timeline of events
Implemented Federal Law No. 340-FZ establishing the legal framework for the introduction of the digital ruble
On 1 August 2023, Federal Law No. 340-FZ establishing the legal framework for the introduction of the digital ruble was signed into Law by the Russian President, previously Bill No. 270838-8, entered into force. The Law enables cashless payments ba…
SourceSigned Bill No. 270838-8 establishing the legal framework for the introduction of the digital ruble
On 24 July 2023, Bill No. 270838-8, establishing the legal framework for the introduction of the digital ruble, was signed into Law by the Russian President, becoming Federal Law No. 340-FZ. The Law enables cashless payments based on a central bank …
SourceAdopted Bill No. 270838-8 establishing the legal framework for the introduction of the digital ruble
On 19 July 2023, Bill No. 270838-8, establishing the legal framework for the introduction of the digital ruble, was adopted by the Federal Council. The Bill aims to enable cashless payments based on a central bank digital currency (CBDC), the digita…
SourcePassed Bill No. 270838-8 establishing the legal framework for the introduction of the digital ruble
On 11 July 2023, Bill No. 270838-8, establishing the legal framework for the introduction of the digital ruble, was passed by the State Duma. The Bill aims to enable cashless payments based on a central bank digital currency (CBDC), the digital rubl…
SourceIntroduced Bill No. 270838-8 establishing the legal framework for the introduction of the digital ruble
On 29 December 2022, Bill No. 270838-8, establishing the legal framework for the introduction of the digital ruble, was introduced in the State Duma. The Bill aims to enable cashless payments based on a central bank digital currency (CBDC), the digi…
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