The updated draft of the digital ruble bill has been submitted to government departments and market participants for final coordination ahead of the second reading. The information is provided by “Kommersant”, which has seen the text of the document.
The new version proposes digital accounts for holding the financial instrument instead of digital wallets. These can be opened by, among others, foreign banks.
Moreover, responsibility for safeguarding the national digital currency was removed from the Bank of Russia, and banks were obliged to prevent fraudulent encroachments on it.
According to one of the bill’s authors, Anatoly Aksakov, the head of the State Duma’s Financial Committee, the document should be approved in the second reading within ten days, and finally approved before the end of the parliamentary session.
As reported earlier, on June 20 the State Duma of the Russian Federation, in the second reading, approved amendments to the Civil Code on deals with the digital ruble, and also the rules governing the inheritance of electronic money.
Earlier, the planned for April 1 pilot launch CBDC did not take place due to lack of a regulatory framework — the related bill has only cleared the first reading.