Russia has announced that it will begin collecting taxes in digital rubles from 2025. The country’s Ministry of Finance and the State Duma have drafted a law that would enable the taxation process using the digital currency. This will require companies to keep their taxes in a digital wallet and to transfer the money directly to the government. The digital ruble will be issued by the Bank of Russia and will be available to all citizens and businesses in the country. It is expected to reduce the need for paper-based transactions, improve financial transparency, and assist in the fight against money laundering and other criminal activities.
