Russian State Duma Advances Digital Ruble Payments Bill
The Russian State Duma has approved a preliminary version of legislation aimed at mainstreaming digital ruble payments. The bill introduces a universal code system to streamline transactions, with a three-year adaptation period for banks and retailers.
This move aligns with a global trend of central banks exploring digital currencies, though the document makes no direct reference to cryptocurrencies. The phased implementation suggests cautious Optimism about integrating sovereign digital currencies into existing financial infrastructure.