Anatoly Aksakov, head of the State Duma Committee on the Financial Market, promised that the law on the digital ruble would be adopted in April and come into force in May.

The deputy at the Russian Financial Market Forum said that after the adoption of the law on the digital ruble, other digital financial assets will also receive an impetus to development – it will be easier for market participants to issue them and exchange them for the state cryptocurrency.

“The law on the digital ruble has now been adopted in the first reading and is being prepared for the second. I am sure that we will receive it in April. And, accordingly, in May it will begin to operate. Accordingly, our digital ruble will also become real,” Aksakov explained.

The development of a platform for issuing a digital ruble is in full swing. Already on April 1, the Central Bank plans to launch a pilot project for the use of the state digital currency. 13 banks will participate in the pilot project, and it will be possible to use CBDC for transfers, as well as payment for goods and services.