Russia: Implemented Federal Law No. 340-FZ establishing the legal framework for the introduction of the digital ruble
Description
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…
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
Hide details
2022-12-29
under deliberation
2023-07-11
under deliberation
2023-07-19
adopted
2023-07-24
adopted