Russian parliament passes digital ruble bill – My comments
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6 Pics: When South Africa was White and VIBRANT! - The Hanging building!
This building still exists in Johannesburg. It was already built and looking great in the mid-1980s when I came to work in Johannesburg. Someone back then told me that the floors of this building are hanging. I did not quite know what to think of it, but its design is strange and when you look at the bottom, youll see the whole building is held up by a central column. (Just like those buildings of 911).
[I got this from 2 sources. This is definitely real. Jan]
One of my American supporters who used to trade in stock markets sent me this comment about the effects of the digital ruble:
Apparently not too much reporting of this,
but the Dollar Index has tumbled from
103.57 to 100.55 since Thursday!
Here’s the real story:
Russia’s central bank digital currency (CBDC) project, the digital ruble, has taken a step closer to reality. On July 11, the lower chamber of the Federal Assembly of the Russian Federation, the State Duma, passed the digital ruble bill in the third reading. The legislation now moves to the assembly’s upper chamber, the Federation Council, and, if passed, to the president’s desk.
The bill, which was last amended at the end of June, sets the legal definitions of “platform, ” participants,” and “users,” as well as the general guidelines for the CBDC ecosystem.
In the current framework, Russia’s central bank, the Bank of Russia (BoR), will become the principal operator of the digital ruble infrastructure. It also bears the responsibility for all the stored assets.
The main aim of the CBDC, according to the BoR, is to serve as a payment and transfer method. Hence, its users won’t be able to open savings accounts. As the BoR emphasizes, payments and transfers would be free for individual customers and cost 0.3% of the payment amount for corporate clients.
Related: Belarus to decide on issuing CBDC by year’s end: National bank chair
The bill was introduced to the State Duma in December 2022 and passed through its first reading in March 2023. In February, a subsidiary of the leading Russian government-owned gas company, Gazprombank, warned against possible risks for banks in the case of the fast transition to digital money. The Russian branch of McKinsey estimated the potential losses of traditional banks from the CBDC implementation at around 250 billion rubles ($3.5 billion) in five years. At the same time, the consultancy firm estimated retailers’ profit at $1.1 billion yearly.
In a recent interview, the deputy chairman of the central bank, Olga Skorobogatova, announced the mass rollout of the digital ruble for all Russian citizens by 2027. The CBDC will be tested in a pilot program between 2023 and 2024.
Source: https://cointelegraph.com/news/digital-rouble-russian-parliament-passes-a-digital-rouble-bill
Black Monday in 2017! The Biggest White protest about Farm Murders
128 Photos: The Day of White anger over Farm Murders! STOP KILLING OUR WHITE FARMERS!!! This was the biggest White protest in the history of South Africa. You‘ll be blown away by what Whites did that day!