🧵 1/4: Putin signs law for digital ruble in Russia. Scheduled to take effect from Aug 1, 2023. Central bank to launch first CBDC pilot in August. #politics
🧵 1/4: Putin signs law for digital ruble in Russia. Scheduled to take effect from Aug 1, 2023. Central bank to launch first CBDC pilot in August. #politics
🧵 2/4: Digital ruble to serve as payment and money transfer method, not for investment. Voluntary use for citizens. No mass adoption expected before 2025 or 2027.
🧵 3/4: Russian lawmakers progress with CBDC, but delay cryptocurrency regulations. Four crypto-related bills yet to make significant progress since May.
🧵 4/4: Tokenizing music royalties as NFTs could be beneficial.
🧵 Read more at: https://cointelegraph.com/news/digital-ruble-putin-signs-law-on-introduction-of-digital-ruble-in-russia
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