In a video conference with the Government of the Russian Federation, President Vladimir Putin addressed the topic of the implementation of the digital ruble. Last August, Russia initiated a pilot program of the digital ruble composed of 12 banks, 600 citizens and 22 companies in 11 cities. In this regard, Putin said that “the digital ruble has demonstrated its performance and functionality in the pilot project.”
Now we need to take the next step: to move to a wider introduction of the digital ruble in the economy and finance sector.
VLADIMIR PUTIN
Regarding cryptocurrencies, the discussions focused on the energy resources consumed by their generation process. This electricity consumption is increasing and leads in some regions to supply problems for domestic use and for the economic sector. Putin has established greater state involvement in these types of activities.
We have already given instructions on regulating cryptocurrency mining in Russia, including the taxation and pricing solutions for these activities.
VLADIMIR PUTIN