Putin Urges Widespread Adoption of Digital Ruble

https://sputnikglobe.com/20240717/putin-urges-widespread-adoption-of-digital-ruble-1119402253.html

Putin Urges Widespread Adoption of Digital Ruble

Putin Urges Widespread Adoption of Digital Ruble

Sputnik International

It is important for Russia not to miss the moment, to timely set up the legal framework and regulation for the circulation of digital financial assets (DFAs), Russian President Vladimir Putin said on Wednesday.

2024-07-17T11:41+0000

2024-07-17T11:41+0000

2024-07-17T11:41+0000

economy

vladimir putin

russia

ministry of energy

digital currency

ruble

crypto currency

national currency

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«It is important for us in Russia, as they say, not to miss the moment, to set up a legal framework and regulation in a timely manner, to develop infrastructure, to create conditions for the circulation of digital assets, both within the country and in relations with foreign partners,» Putin said at the meeting on economic issues via video link. Putin also called digital currencies a dynamic and promising sector that was becoming increasingly popular globally.Russia has already made serious progress in the development and regulation of the circulation of digital financial assets, the president also noted.It is necessary to move to the widespread introduction of the digital ruble in various sectors of the economy, the president said, adding that timely systemic decisions on the regulation of mining of digital currencies should also be made.Almost 1.5% of the total electricity consumption of Russia is spent on mining cryptocurrencies, Putin added.»According to the estimates of the Ministry of Energy, 16 billion kilowatt hours are spent annually in Russia for these purposes, that is, almost 1.5% of the total electricity consumption in the country, and the figure continues to grow,» he emphasized.

https://sputnikglobe.com/20231121/switch-to-payments-in-digital-national-currencies-may-accelerate-dedollarization—russian-minister-1115099284.html

russia

2024

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russian economy, russian ruble, russian crypto currency, russian digital assets, russian assets, digital assets, digital currencies, russian economy ministry, russian economy under sanctions

MOSCOW (Sputnik) – It is important for Russia not to miss the moment, to timely set up the legal framework and regulation for the circulation of digital financial assets (DFAs), Russian President Vladimir Putin said on Wednesday.