Law on digital ruble signed in Russia

Law on digital ruble signed in Russia
© Photo: Maria Novoselova / Vestnik Kavkaza

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.

The law will come into effect on August 1, 2023.

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