“The amendments proposed by the draft law ... codify the digital financial asset as a legal means of payment on the territory of Russia,”. This was quite expected as there was a buzz for sometime that Russia is planning its own Cryptocurrency.
The draft law was submitted by a Communist Party MP, Rizvan Kurbanov. It is specified that the currency goes by the name of “CryptoRuble.”
The document proposes amendments to the Russian Civil Code, which would make the CryptoRuble a legal means of payment circulated nationwide.
Earlier,Russian President Vladimir Putin ordered the issue of a national cryptocurrency, totally regulated by the government, in November last year.
The release of CryptoRuble (CRUR) would see all other cryptocurrency mining banned in the country, Communications Minister Nikolay Nikiforov said at the time.
Nikiforov also said the CryptoRuble will be moved to international markets.
Author https://www.rt.com/business-projects/417001-cryptocurrency-russia-law-ruble/