Russia: Signed Bill No. 270838-8 establishing the legal framework for the introduction of the digital ruble
Description
Signed 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 …
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