The draft legislation for the digital ruble has been submitted to the State Duma, the lower house of the Russian Parliament

ChainCatcher news, led by Anatoly Aksakov, the chairman of the Financial Market Committee, Russian lawmakers have submitted a legislative draft regarding the digital ruble to the lower house of the Russian Parliament, the State Duma. The document proposes legislative amendments aimed at creating conditions for the introduction of the digital ruble.

According to the explanatory note of the bill quoted by the Russian business news portal RBC's crypto page, its main purpose is to develop the necessary payment infrastructure for the digital ruble. The initiators believe this will provide Russian citizens, businesses, and the state with fast, convenient, and low-cost money transfer services.

It is reported that the Central Bank of Russia proposed the concept of the digital ruble in October 2020 and completed its prototype platform in December 2021. The pilot phase was launched this January. In May, the monetary authorities stated their plans to start testing real transactions and customers in April 2023. (source link)