Russia: Introduced Bill No. 270838-8 establishing the legal framework for the introduction of the digital ruble
Description
Introduced 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 digital ruble. The Bill specifies that the Central Bank of Russia would operate the digital ruble platform, oversee its organisation and ensure its proper functioning and maintain records of transactions.
Original sourceScope
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