Reportedly, a group of deputies headed by Anatoly Aksakov, the Chairman of the Financial Market Committee submitted a bill on the issuance and the use of the digital ruble, the Central Bank Digital Currency (CBDC) issued by Russia’s monetary authority, to the State Duma.
Notably, the Russian Federation has codified the digital rubles as the official currency of the Federation and has taken initiative to include the asset into the financial system of the nation.
Aksakov assured that the bill’s purpose is to provide fast, convenient, and budget-friendly money transfers.
Specifically, the explanatory note on the document stated:
Along with presenting the principal bill on …
The post Russian Federation Codifies Digital Ruble as the Official Currency appeared first on Coin Edition.
See original on CoinEdition
Source: Cryptocurrency - investing.com
