Russian Parliament Votes on Bill Opening Door for Digital Ruble

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Russian lawmakers have approved a draft law facilitating the implementation of the digital version of the national currency, the ruble. The legislation amends various other acts to introduce definitions and establish procedures related to the launch of the central bank digital currency.

The bill was submitted to the State Duma in late December by a group of deputies and senators led by the chair of the Financial Market Committee, Anatoly Aksakov. Now the house has tasked the committee to “take into account the need to ensure the protection of the rights of personal data subjects” when finalizing the document ahead of the second reading.

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