Russian President Vladimir Putin Approves Law on Digital Rubble

Vladimir
Putin, the President of Russia, has ratified a law that introduces digital
rubble, the country’s central bank digital currency (CBDC), according to an
official government document published today (Monday). The approval
comes after Russia’s upper and lower chambers passed a bill on the digital currency earlier this
month.

Putin
approved the introduction of digital rubble through amendments to Russia’s
Civil Code, thereby validating
the CBDC as a legitimate form of national currency. The amendments are expected to
enter into force on August 1, 2023. However, certain provisions, including
those related to bankruptcy
Bankruptcy

Bankruptcy or insolvency constitutes a legal term and refers to being unable to repay debts. A business and a person can declare bankruptcy. When a person or company claims bankruptcy, it is described as a voluntary bankruptcy, and when your debtors force you into bankruptcy, it is referred to as involuntary. A voluntary bankruptcy occurs when the debtor or borrower, the party that owes the money files with the courts. Involuntary bankruptcy happens when your credits file a petition with the co

Bankruptcy or insolvency constitutes a legal term and refers to being unable to repay debts. A business and a person can declare bankruptcy. When a person or company claims bankruptcy, it is described as a voluntary bankruptcy, and when your debtors force you into bankruptcy, it is referred to as involuntary. A voluntary bankruptcy occurs when the debtor or borrower, the party that owes the money files with the courts. Involuntary bankruptcy happens when your credits file a petition with the co
Read this Term and inheritance, will only kick in in August next
year.