Draft law devoted to the digitalruble submitted to the Russian parliament.
The legislation introduces rules determining how the new form of national fiat will be issued and amends a series of legal acts to facilitate its implementation.A group of Russian lawmakers, led by the Chairman of the Financial Market Committee Anatoly Aksakov, have submitted draft legislation on the digital ruble, the central bank digital currency minted by Russia’s monetary authority. The document suggests legislative changes meant to create the conditions for its introduction.
The proposal aims to amend several existing laws such as the law on “On the National Payment System” to which the members of Duma want to add definitions pertaining to the CBDC. The new provisions assign to the Bank of Russia the role of sole operator of the CBDC platform. They also establish the procedures for opening wallets for the digital ruble and accessing its platform.
Changes to the Federal Law “On Personal Data” allow Russia’s central bank to process personal information without obtaining consent and without the need to notify in advance the Russian authority responsible for protecting the rights of subjects of personal data.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Russian state TV split over Russian pensioner being dragged from busThe guests and anchors on NTV's Mesta Vstrechi show concluded that the woman was a victim of Ukrainian propaganda about the war.
Read more »
Dollar Loses to Digital Currencies in 2023, Former Russian President Medvedev Says – Bitcoin NewsDigital fiat currencies will spread next year while the U.S. dollar will lose its reserve currency status, Dmitry Medvedev says.
Read more »
Russian rouble strengthens vs dollar as volatile year endsThe rouble strengthened on Friday, heading towards the 71 mark against the dollar as a highly volatile year drew to a close, with the final month of trading dominated by fears over the impact of a Western oil price cap on Russia's export revenues.
Read more »
Permitted share of China's yuan in Russian wealth fund doubled to 60% -finminRussia's finance ministry on Friday said the maximum possible share of Chinese yuan in its National Wealth Fund (NWF) had been doubled to 60% as it restructures its rainy-day fund to reduce dependency on currencies from so-called 'unfriendly' nations.
Read more »
Biden signs $1.7T spending bill into law, averts government shutdownThe bill also includes $45 billion in emergency military and economic aid for Ukraine and a reform to make clear that vice presidents do not have power to overturn election results.
Read more »
Texas Bill Would Offer Tax Credits for Grocery Stores that Open in Food DesertsSouth Oak Cliff resident Anga Sanders found out the hard way that bringing grocery stores to Dallas' food deserts was no simple task. A bill filed this week by State Rep. Shawn Thierry, a Houston Democrat, could make it a little simpler.
Read more »