The law on the digital ruble came into force in Russia
Economy
The digital ruble is becoming the third form of national currency along with cash and non-cash money. At the first stage, the Central Bank starts testing the ruble only on real clients of the bank.
In Russia, on August 1, the law on the introduction of the digital ruble came into force. This is a digital code that is stored in an electronic wallet. The digital ruble is becoming the third form of national currency along with cash and non-cash money. This was reported by DW.
It is noted that the Bank of Russia announced the testing of the digital ruble, in which 13 banks participate. The regulator did not specify which credit institutions in question. Tests are conducted on a limited range of clients and employees of large credit institutions.
Sberbank, VTB, Alfa-Bank, Tinkoff Bank, Gazprombank, Rosbank, Promsvyazbank, Sovcombank, Ak Bars Bank, Dom.RF, Sinara , TKB, MS-Bank and Qiwi Bank took part in the first stage of testing the prototype of the digital ruble platform, which was completed in February.
The Central Bank did not name the exact dates for the digital ruble to enter wide circulation, but predicts that all citizens will be able to open a digital wallet for a new monetary form in 2025-2027. It is assumed that the digital wallet can be opened through any mobile application of the bank, which has a customer account. In this case, it will be necessary to conclude an agreement with the operator of the cryptocurrency platform (CB).
It will also be possible to replenish the digital wallet through the bank's mobile application, where you can also transfer money to third parties. When using the digital ruble, no interest is accrued on the balance and cash. It is impossible to get a loan or open deposits in digital rubles.
It is noted that the Bank of Russia announced the testing of the digital ruble, in which 13 banks participate. The regulator did not specify which credit institutions in question. Tests are conducted on a limited range of clients and employees of large credit institutions.
Sberbank, VTB, Alfa-Bank, Tinkoff Bank, Gazprombank, Rosbank, Promsvyazbank, Sovcombank, Ak Bars Bank, Dom.RF, Sinara , TKB, MS-Bank and Qiwi Bank took part in the first stage of testing the prototype of the digital ruble platform, which was completed in February.
The Central Bank did not name the exact dates for the digital ruble to enter wide circulation, but predicts that all citizens will be able to open a digital wallet for a new monetary form in 2025-2027. It is assumed that the digital wallet can be opened through any mobile application of the bank, which has a customer account. In this case, it will be necessary to conclude an agreement with the operator of the cryptocurrency platform (CB).
It will also be possible to replenish the digital wallet through the bank's mobile application, where you can also transfer money to third parties. When using the digital ruble, no interest is accrued on the balance and cash. It is impossible to get a loan or open deposits in digital rubles.
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