Russia's Digital Ruble: A Financial Game Changer
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The recent passage of the digital ruble bill by the Russian Federal Assembly, with President Vladimir Putin's endorsement, marks a significant step toward a digital financial revolution in Russia. Set to take effect from August 1, 2023, the new law will transform the country's financial landscape. The bill underwent careful examination and amendments in the State Duma before gaining approval from the Federation Council.
0:00 Intro
0:11 President
0:32 The Digital Ruble
0:40 Approval
0:55 The Third Form Of Money
1:03 Outro
The Bank of Russia will play a crucial role as the principal operator of the digital ruble infrastructure, responsible for all stored assets. The digital ruble is primarily designed for payments and transfers, aiming to offer a convenient payment system to individuals and nominal fee-based transactions for corporate clients. #DigitalRuble #RussianFinancialRevolution #CBDC #BankofRussia #PaymentSystem #DigitalCurrency #FinancialInnovation #Fintech #CashlessSociety #DigitalPayments