Express

Russian State Durma Approves Launch of Digital Ruble

Katie Lin

Summary: The Russian State Duma has approved a law that will introduce a digital ruble, according to reports by the Russian news agency TASS. Once President Putin signs the legislation, Russia will become the largest country to officially adopt a central bank digital currency (CBDC). Discussions surrounding the introduction of a digital currency has been ongoing in Russia for ...

The Russian State Duma has approved a law that will introduce a digital ruble, according to reports by the Russian news agency TASS. Once President Putin signs the legislation, Russia will become the largest country to officially adopt a central bank digital currency (CBDC). Discussions surrounding the introduction of a digital currency has been ongoing in Russia for several years. Back in November 2021, Reuters reported on a pilot project scheduled to commence in 2022. Over a year earlier in October 2020, the Bank of Russia published a consultation paper that explored the concept of the digital ruble. As outlined in the consultation paper, the Russian central bank will operate and organize the digital ruble platform.

Author: Katie Lin

Last Update:

Tags: ,
Link: Russian State Durma Approves Launch of Digital Ruble   [Copy]
  • Gold’s $2.1 Trillion Plunge: Where Is The Smart Money Flowing Next? 2 days ago
  • GAEA Chat Singapore Concludes Successfully - A Recap of the Industry Thought Feast Duri... 19 days ago
  • U.S. SEC Clears Path for Institutional Crypto Custody, Recognizing State Trust Companie... 23 days ago
  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? September 16, 2025
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? September 9, 2025
  • You need to login to comment.