Russian Lawmakers Pass Initial Reading of Draft Laws for Regulating and Issuing Central Bank Digital Currency
In a move that could revolutionize the way Russia handles its currency, Russian lawmakers have passed the initial reading of two draft laws that would regulate and issue a central bank digital currency (CBDC). This move marks a major step forward for the country in terms of modernizing its financial infrastructure and bringing it into the digital age.The two draft laws, which were passed by the State Duma on April 15th, 2021, are aimed at regulating the issuance and use of CBDCs. The first law outlines the legal framework for