April 26, 2024

Anatoly Aksakov: “The law on the digital ruble will come into force in May”

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Anatoly Aksakov: “The law on the digital ruble will come into force in May”

The head of the State Duma Committee on the Financial Market, Anatoly Aksakov, promised that the law on the digital ruble will be adopted in April and will come into force in May.

Deputy at the Russian Financial Forummarket said that after the adoption of the law on the digital ruble, other digital financial assets will also receive an impetus for development - it will be easier for market participants to issue them and exchange them for state cryptocurrency.

“The law on the digital ruble is now in the firstreading accepted and preparing for the second. I am sure that we will accept it in April. Well, accordingly, it will begin to operate in May. Accordingly, our digital ruble will also become real,” Aksakov explained.

Development of a platform for digital releaseruble is in full swing. Already on April 1, the Central Bank plans to launch a pilot project for the use of state digital currency. 13 banks will participate in the pilot project, and CBDC can be used for transfers, as well as payment for goods and services.