Russian Lawmakers Approve Digital Ruble Bill for 2026 Rollout

The Russian State Duma's new law mandates large businesses to accept digital ruble transactions starting September 2026, promoting its circulation through universal QR codes.

Summary

The Russian State Duma has approved a law to enhance the circulation of the digital ruble, requiring large businesses to accept it from September 1, 2026. The legislation introduces universal QR codes for transactions, with compliance deadlines extending to smaller businesses by 2028. This move follows earlier plans for a 2025 rollout that were postponed, and aims to integrate digital currency into the economy amid ongoing testing by the Central Bank.

Terms & Concepts
  • Central Bank Digital Currency (CBDC): A digital form of a country’s fiat currency issued and regulated by its central bank.
  • QR Code: A type of matrix barcode that can store information, allowing for quick payments and transactions using mobile devices.
  • Duma: The lower house of the Federal Assembly of Russia, responsible for making federal laws.