The Federation Council approved the introduction of the digital ruble – Kommersant
[ad_1]
The Federation Council voted for a law on the introduction of a digital ruble in Russia and the creation of a platform for it. The main provisions of the law will come into force on 1 August.
The Central Bank (CB) will receive the status of the operator of the digital ruble platform. The law makes the Central Bank responsible for the safety of digital rubles and the opening of digital wallets. The law also introduces the concepts of “digital ruble platform”, “digital ruble platform rules”, “digital ruble platform participant”, as well as “digital ruble platform user” and “digital account”.
A digital ruble is a unique electronic code (token). Unlike cryptocurrency, it is issued exclusively by the Bank of Russia. It is also secured by gold and foreign exchange reserves and is pegged to the value of the national currency. Digital rubles will be stored in digital wallets on a platform developed by the regulator. Because of this, they will not be tied to a specific bank or electronic wallet.
Operations on the digital ruble platform will be carried out according to the rules set by the Board of Directors of the Central Bank. The regulator will also determine the tariffs for transactions with the digital ruble and the timeframe for which Russian banks must provide customers with the opportunity to use transactions with the new currency. For citizens, the cost of transactions with the digital ruble will be free, for businesses – 0.3% of the payment amount.
The digital ruble initiative was developed by a group of deputies headed by Anatoly Aksakov, chairman of the financial market committee. State Duma approved law in the second and third readings on 11 July. CB planned testing digital rubles in real operations for August.
Details – in the material “Kommersant” “The rules for the digital ruble”.
[ad_2]
Source link
