Digital ruble legislation submitted to Russian State Duma (Bitcoin.com)

A bill has reportedly been introduced to Russia’s State Duma that that would make the use of the digital ruble central bank digital currency (CBDC), mandatory for banks and merchants. The draft law proposes a phased rollout starting on July 1, 2025, with systemically important banks, and expanding to all banks by 2027. It would make accepting digital ruble payments mandatory for retailers with annual revenues over 30 million rubles by July 2025, with the threshold dropping to 20 million rubles by July 2026. The draft bill would also mandate the use of a universal QR code system for almost all digital ruble payments. [Read more at Bitcoin.com]

[The draft should be available here, but when I click on the link that should bring up draft laws, it hangs: http://duma.gov.ru/legislative/lawmaking]

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