CryptoMediaClub
Tuesday, October 28, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Russia’s State Duma Approvea National CBDC Project

13.07.2023
A A
0
122
VIEWS
ShareShare

Russia’s State Duma – the lower chamber of the local parliament – passed the digital ruble bill. The legislation defines rules surrounding the nation’s upcoming central bank digital currency, outlining the Bank of Russia as “the operator” of the project.

The institution will also establish a range of users of the digital ruble platform, adjust their type of transactions, and set specific thresholds by the end of 2024.

A Few More Steps Before Becoming Official

State Duma announced the adoption of a law on the release of a CBDC and on “the implementation of cashless payments using this form of national currency.” According to the bill, the project will consist of a “digital ruble platform,” “digital ruble platform rules,” “digital ruble platform participants,” “digital ruble platform users,” and “digital accounts (wallets).”

The legislation (if officially accepted) will prohibit consumers from using the CBDC in deposits. “In the event of the bankruptcy of the debtor, digital rubles will be part of the bankruptcy estate,” the parliament’s lower chamber explained.

Unsurprisingly, the central bank will play a main role in the project, overseeing the whole process and ensuring the platform works properly. The institution will also be responsible for the safety of the financial product and the correct accounting of information on such transactions.

ADVERTISEMENT

The legislation will now move to the upper chamber of the Russian parliament – the Federation Council. The last step is a signature from President Vladimir Putin.

CBDC Could be Used for International Payments

The launch of a CBDC has been one of the central bank’s missions in the past few years. Elvira Nabiullina – Governor of the Bank of Russia – described the digital ruble as a top priority for the institution, raising hopes that it could be employed in international settlements.

“The digital ruble is among the priority projects. We have fairly quickly created a prototype … now we are holding tests with banks, and next year, we will gradually have pilot transactions,” Nabiullina stated.

One of the wealthiest Russians – Vladimir Potanin – is also in favor of the digital ruble. He views Bitcoin and the alternative coins as risky, “unreliable products” that the watchdogs can not monitor. As such, CBDCs (controlled by the authorities) could be the appropriate financial solution to stimulate Russia’s economy, he argued.

SPECIAL OFFER (Sponsored) Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.

Share9Tweet6ShareSharePin2

Related Posts

SharpLink to Deploy $200M in ETH on Consensys’ Linea — Is This the Future of Institutional DeFi and AI-Powered Yields?
All news

SharpLink to Deploy $200M in ETH on Consensys’ Linea — Is This the Future of Institutional DeFi and AI-Powered Yields?

28.10.2025
0

SharpLink Gaming, Inc. (Nasdaq: SBET), one of the world’s largest corporate holders of Ethereum, has announced plans to deploy $200...

Read moreDetails
Crypto PACs Build $263M War Chest Ahead of 2026 US Midterm Elections

Crypto PACs Build $263M War Chest Ahead of 2026 US Midterm Elections

28.10.2025
Bitget Wallet Integrates HyperEVM – Could This Be the Next Big Bridge in DeFi?

Bitget Wallet Integrates HyperEVM – Could This Be the Next Big Bridge in DeFi?

28.10.2025
Why is Tether So Profitable, and Will It Last?

Why is Tether So Profitable, and Will It Last?

28.10.2025
US Representative Pushes Crypto Ban for Politicians After Trump Pardons Binance’s CZ

US Representative Pushes Crypto Ban for Politicians After Trump Pardons Binance’s CZ

28.10.2025
Load More
Next Post
Will Shiba Inu (SHIB) Burn Rate Continue to Fall?

Will Shiba Inu (SHIB) Burn Rate Continue to Fall?

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Bitcoin Mining Firm Riot Secures 33,280 Mining Rigs Ahead of Halving

2 years ago
Ethereum Price Prediction: With a $569B Market Cap, Is the New All-Time High Just the Beginning for ETH?

Ethereum Price Prediction: With a $569B Market Cap, Is the New All-Time High Just the Beginning for ETH?

2 months ago
Bitcoin Dominance Hits 61% as BTC Strengthens Its Hold on the Crypto Market

Bitcoin Dominance Hits 61% as BTC Strengthens Its Hold on the Crypto Market

12 months ago
Crypto Owners Favor Trump, Non-Crypto Owners Prefer Harris: Survey

Crypto Owners Favor Trump, Non-Crypto Owners Prefer Harris: Survey

1 year ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Crypto PACs Build $263M War Chest Ahead of 2026 US Midterm Elections

Why is Bitcoin price pumping? Catch up on what’s moving crypto

Bitget Wallet Integrates HyperEVM – Could This Be the Next Big Bridge in DeFi?

Why is Tether So Profitable, and Will It Last?

US Representative Pushes Crypto Ban for Politicians After Trump Pardons Binance’s CZ

[LIVE] Crypto News Today: Latest Updates for Oct. 28, 2025 – Layer 2 Sector Tanks 4.4%, ETH Slips to $4K, BTC Below $114K

Trending

Strategy’s new credit rating will open Bitcoin to $130 trillion institutional capital
Analysis

Strategy’s new credit rating will open Bitcoin to $130 trillion institutional capital

28.10.2025
0

A quiet but historic moment has unfolded, which may reshape how traditional markets value digital assets like...

SharpLink to Deploy $200M in ETH on Consensys’ Linea — Is This the Future of Institutional DeFi and AI-Powered Yields?

SharpLink to Deploy $200M in ETH on Consensys’ Linea — Is This the Future of Institutional DeFi and AI-Powered Yields?

28.10.2025
Does a weaker dollar drive Bitcoin price now?

Does a weaker dollar drive Bitcoin price now?

28.10.2025
Crypto PACs Build $263M War Chest Ahead of 2026 US Midterm Elections

Crypto PACs Build $263M War Chest Ahead of 2026 US Midterm Elections

28.10.2025
Why is Bitcoin price pumping? Catch up on what’s moving crypto

Why is Bitcoin price pumping? Catch up on what’s moving crypto

28.10.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz