{"id":22249,"date":"2023-07-13T10:41:32","date_gmt":"2023-07-13T10:41:32","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/russias-digital-rouble-almost-a-reality-after-approval-by-lower-house-parliament\/"},"modified":"2023-07-13T10:41:32","modified_gmt":"2023-07-13T10:41:32","slug":"russias-digital-rouble-almost-a-reality-after-approval-by-lower-house-parliament","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/russias-digital-rouble-almost-a-reality-after-approval-by-lower-house-parliament\/","title":{"rendered":"Russia&#8217;s \u201cdigital rouble\u201d almost a reality after approval by lower house parliament"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/07\/1689240655024-de8386c3-0a39-45ff-a358-452fd601d571-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/07\/1689240655024-de8386c3-0a39-45ff-a358-452fd601d571-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/07\/1689240655024-de8386c3-0a39-45ff-a358-452fd601d571-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/07\/1689240655024-de8386c3-0a39-45ff-a358-452fd601d571-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>The bill will now move to the upper chamber of the Russian Federal Assembly.<\/li>\n<li>If passed the bill will be signed by the president into law.<\/li>\n<li>The Bank of Russia (BoR) will become the principal operator of the digital ruble infrastructure.<\/li>\n<\/ul>\n<p>The digital ruble, a central bank digital currency (CBDC) project of the Russian central bank, has moved one step closer to completion. The third reading of the digital ruble bill was approved on July 11 by the State Duma, the lower house of the Russian Federation\u2019s Federal Assembly.<\/p>\n<p>The Federation Council, the assembly\u2019s upper chamber, will now consider the proposal before sending it, if approved, to the president\u2019s desk.<\/p>\n<h2>Digital ruble legal framework<\/h2>\n<p>The legislation establishes the legal definitions of \u201cplatform,\u201d \u201cparticipants,\u201d and \u201cusers,\u201d as well as the overarching principles governing the CBDC ecosystem. The legislation was recently amended at the end of June.<\/p>\n<p>As things stand, the Bank of Russia (BoR), Russia\u2019s central bank, will be in charge of running the digital ruble infrastructure. It is also in charge of all the assets that are kept in storage.<\/p>\n<p>According to the BoR, the CBDC\u2019s primary function is to act as a means of payment and transfer. As a result, its users won\u2019t be able to start saving money. Payments and transfers would be free for individual customers and would cost corporate clients 0.3% of the payment amount, as the BoR emphasises.<\/p>\n<p>The deputy chairman of the central bank, Olga Skorobogatova, in a recent interview, announced the mass rollout of the digital ruble for all Russian citizens by 2027. The CBDC will, however, be tested in a pilot program between 2023 and 2024.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/russias-digital-rouble-almost-a-reality-after-approval-by-lower-house-parliament\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) The bill will now move to the upper chamber of the Russian Federal Assembly. If passed the bill will be signed by the president into law. The Bank of Russia (BoR) will become the principal operator of the digital ruble infrastructure. The digital [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":22250,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/22249"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=22249"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/22249\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/22250"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=22249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=22249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=22249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}