Russia CBDC Adoption regulation Bank of Russia Russia

Russian lawmakers propose amendments to digital ruble bill

Reading now: 870

As the digital ruble project proceeds through Russian parliamentary hearings, lawmakers have proposed significant amendments to the bill, aiming to change the original document regarding debt operations, services for non-residents and the role of the central bank.

On May 22, the state-owned news agency Interfax reported on the package of suggestions formulated by the Committee on the Financial Market of the State Duma — the lower house of the Federal Assembly of Russia — in preparation for the second reading of the digital ruble bill.

The lawmakers are proposing to forbid the Bank of Russia — Russia’s central bank — from participating in companies’ financing, leaving it the sole role of operating the digital ruble platform.

The amendments would also oblige the central bank to defend the private data of those customers who are employees of the Federal Security Service.The new draft also proposes easier access to the central bank digital currency (CBDC) platform for non-residents through foreign banks, which would get approval to join the platform.

The website is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News