The bill on the digital national currency is almost ready and will be submitted to the State Duma this week

14.06.2023, 15:36
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The bill on the digital national currency is almost ready and will be submitted to the State Duma this week
The bill on the digital national currency is almost ready and will be submitted to the State Duma this week

The bill on the digital ruble will be submitted to the State Duma this week, the head of the State Duma Committee on the Financial Market Anatoly Aksakov said at the RBC-Crypto conference entitled "Cryptocurrencies, mining and digital assets". According to him, the latest approvals are currently underway, and the bill will be introduced today or tomorrow.

2023 will be a year of fairly rapid development and civilized regulation of the cryptocurrency market, Aksakov believes. The head of the committee said that almost everything has been prepared for the digital ruble to be legalized, it is assumed that it will be launched in the first quarter of next year.

After testing, which is currently being conducted by a group of banks under the leadership of the Central Bank, the ruble will appear in circulation, Aksakov said. He also said that at the same time as testing, work is currently underway with colleagues from other countries and the issue of using the digital ruble in exchange for digital national currencies of other countries is being discussed.

"Obviously, we need to launch this market, keep our finger on the pulse, study it and actively, quite possibly, use it for the turnover of national digital currencies, so that it is also more effective. This is such a big job, in principle, but next year is the year of digital in the financial sector," the deputy said.

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