🇷🇺💥Digital ruble added to the tax law in Russia: Putin signed
Digital rubles have also been officially added to the tax code in Russia, which has been progressing very rapidly in the last 1 year regarding digital currencies. According to the new rules signed into law by President Putin, CBDC transactions will now be subject to tax. Even from those who do not have enough money in their bank account, these payments can also be received in digital rubles.
Russia, which has been working on a central bank digital currency (CBDC) since 2020 and has almost stepped on gas with the Ukrainian war, has taken another important step. President Vladimir Putin has signed and signed into law the bill that came to his desk and integrated the digital ruble into the tax code.
With the new law, digital ruble transactions will also now be subject to tax. While the official definition of the digital ruble is also being made, the relevant institutions will also be able to pay in digital rubles if there is not enough money in the person's account.
Bans will become easier
One of the most important points here will be related to account freezing and bans. One of the biggest criticisms of CBDCs was the issue of censorship and freezing of accounts. With this new law in Russia, the authorities will be able to stop and block digital ruble transactions.
Companies providing services on this issue will also have to transmit the necessary official documents, i.e. KYC information, to government agencies. In other words, almost all transactions will be recorded.
As it will be remembered, President Putin in Russia, who has been working on the digital ruble for about 4 years, officially signed the CBDC law in July.
It is expected that about 40% of the central banks in the world will also have CBDC by 2028.
