The document expands the definition of foreign currency to inсlude the national currency of a foreign country issued in digital form by its central bank.
Non-residents can now conduct digital currency transactions without any restrictions, as per the newly enacted amendments.
Recently, a law was passed to introduce the digital ruble into the banking systеm. The Central Bank of Russia (CBR) is designated as the operator of the CBDC platform and has the authority to reject any transaction by commercial banks. Several major banks have expressed their readiness to test real CBDC operations.
Meanwhile, over 65% of Russian companies stated that they do not see any advantages of the digital ruble for their businesses.
