Russia: Passed Bill No. 270838-8 establishing the legal framework for the introduction of the digital ruble
Description
Passed 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…
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
legislature
Government Body
parliament
Complete timeline of this policy change
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2022-12-29
under deliberation
2023-07-11
under deliberation
2023-07-19
adopted
2023-07-24
adopted