65
Russia to Roll Out Digital Ruble in 2026, Enabling Full Control Over Citizens’ Spending (united24media.com)
submitted 2 days ago by [email protected] to c/[email protected]
12 comments fedilink hide all child comments

[...]

Under draft legislation that the State Duma approvedat first reading on May 22, 2025, a bill will require banks and merchants to facilitate digital ruble transactions and a universal QR payment code for purchases. Beginning October 1, 2025, the digital ruble will be used for a limited range of federal budget expenditures, transitioning on January 1, 2026, to full, unrestricted use for all federal outlays.

[...]

Kremlin financiers will track every digital ruble transaction in real time, granting authorities the power to block citizens’ accounts without a court order and automatically deduct taxes, fines, and other charges. Social benefits payable in digital rubles will be usable only for government‐approved categories of goods and services, and spending may be restrictedbased on a citizen’s place of residence or product type.

[...]

Critics—from human rights groups to economic analysts—argue the digital ruble will entrench state surveillance. According to The Cryptonomist, Russia’s CBDC may replicate China’s model of monitoring every transaction, but with even tighter Kremlin oversight. Ukrainian intelligence observers highlight the risk of a “behavioral loyalty” system, where digital currency access depends on citizens’ political and social “reliability.”

Previously, it was reported that Latvia’s Defense Intelligence and Security Service released a 48-page public handbook designed to help civilians identify and report suspected Russian operatives. The guide details indicators such as ragged appearance and suspicious behavior, offers safe reporting practices, and includes case studies illustrating espionage tactics in both urban and rural settings.

[...]

you are viewing a single comment's thread
view the rest of the comments
[-] [email protected] 18 points 2 days ago

Seems like the perfect currency for a dictatorship

this post was submitted on 04 Jun 2025
65 points (100.0% liked)

Europe

6140 readers
757 users here now

News and information from Europe 🇪🇺

(Current banner: La Mancha, Spain. Feel free to post submissions for banner images.)

Rules (2024-08-30)

  1. This is an English-language community. Comments should be in English. Posts can link to non-English news sources when providing a full-text translation in the post description. Automated translations are fine, as long as they don't overly distort the content.
  2. No links to misinformation or commercial advertising. When you post outdated/historic articles, add the year of publication to the post title. Infographics must include a source and a year of creation; if possible, also provide a link to the source.
  3. Be kind to each other, and argue in good faith. Don't post direct insults nor disrespectful and condescending comments. Don't troll nor incite hatred. Don't look for novel argumentation strategies at Wikipedia's List of fallacies.
  4. No bigotry, sexism, racism, antisemitism, islamophobia, dehumanization of minorities, or glorification of National Socialism. We follow German law; don't question the statehood of Israel.
  5. Be the signal, not the noise: Strive to post insightful comments. Add "/s" when you're being sarcastic (and don't use it to break rule no. 3).
  6. If you link to paywalled information, please provide also a link to a freely available archived version. Alternatively, try to find a different source.
  7. Light-hearted content, memes, and posts about your European everyday belong in [email protected]. (They're cool, you should subscribe there too!)
  8. Don't evade bans. If we notice ban evasion, that will result in a permanent ban for all the accounts we can associate with you.
  9. No posts linking to speculative reporting about ongoing events with unclear backgrounds. Please wait at least 12 hours. (E.g., do not post breathless reporting on an ongoing terror attack.)
  10. Always provide context with posts: Don't post uncontextualized images or videos, and don't start discussions without giving some context first.

(This list may get expanded as necessary.)

Posts that link to the following sources will be removed

Unless they're the only sources, please also avoid The Sun, Daily Mail, any "thinktank" type organization, and non-Lemmy social media. Don't link to Twitter directly, instead use xcancel.com. For Reddit, use old:reddit:com

(Lists may get expanded as necessary.)

Ban lengths, etc.

We will use some leeway to decide whether to remove a comment.

If need be, there are also bans: 3 days for lighter offenses, 7 or 14 days for bigger offenses, and permanent bans for people who don't show any willingness to participate productively. If we think the ban reason is obvious, we may not specifically write to you.

If you want to protest a removal or ban, feel free to write privately to the primary mod account @[email protected]

founded 11 months ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]