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Putin Signs Law on Digital Ruble

© Alexei NikolskyRussian President Vladimir Putin signs a document recognizing the independence of separatist regions in eastern Ukraine in the Kremlin in Moscow, Russia, Monday, Feb. 21, 2022. Russia's Putin has recognized the independence of separatist regions in eastern Ukraine, raising tensions with West.
Russian President Vladimir Putin signs a document recognizing the independence of separatist regions in eastern Ukraine in the Kremlin in Moscow, Russia, Monday, Feb. 21, 2022. Russia's Putin has recognized the independence of separatist regions in eastern Ukraine, raising tensions with West. - Sputnik International, 1920, 24.07.2023
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MOSCOW (Sputnik) - Russian President Vladimir Putin on Monday signed a law on digital ruble in Russia — the third form of the national currency.
The relevant document is published on the official legal information portal.
The document introduces the basic concepts necessary for the introduction of the digital ruble. The Bank of Russia Board of Directors will set the tariffs on digital currency transactions.
Digital ruble - Sputnik International, 1920, 11.04.2023
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Smart, Swift, Secure: What is Russia's Digital Ruble?
Earlier it was reported that the Bank of Russia was planning to issue a digital ruble as an additional form of Russia's national currency. It can be used offline and for online payments. The regulator will grant access to the digital ruble to all economic agents, including individuals, businesses and the government.
The Bank of Russia stated there will be no obligatory transfer of salaries and pensions to digital rubles. Similar to its two existing equivalents — cash and non-cash rubles — the digital ruble will have no expiry date.
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