Putin signs law on introduction of digital ruble in Russia

The digital ruble is developed to serve as a payment and cash transfer technique, and does not offer for investment purposes.The digital ruble is anticipated to act as the 3rd type of money alongside cash and non-cash ruble.” According to Bank of Russia deputy governor Olga Skorobogatova, the government doesnt anticipate mass adoption of the digital ruble in Russia prior to 2025 or even 2027. Whats happening with the digital rubleThe news comes quickly after Russias State Duma– the nations lower parliament home– passed the digital expense in the third final reading on July 11.