Russian Prime Minister Introduces Bill to Allow Fintech Sandboxes, Blockchain Included
The new bill would allow the creation of “experimental regulatory regimes” for companies working on cutting-edge technologies like AI and distributed ledgers.
Non-qualified investors would be able to buy no more than 600,000 rubles worth of digital assets in one year, or about $7,740.
The Bank of Russia proposed a potential CBDC project Tuesday, but wants public comments before proceeding.
The Bank of Russia might launch its own CBDC, a digital ruble, after piloting the project at the end of next year, its chairwoman said.
The Russian central bank said it's starting public consultations on the possibilities of issuing a CBDC.
Russia's is eyeing use cases for blockchain even as proposed legislation will clamp down on crypto.