this post was submitted on 04 Jun 2025
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65
Russia to Roll Out Digital Ruble in 2026, Enabling Full Control Over Citizens’ Spending (united24media.com)
submitted 2 days ago by Hotznplotzn@lemmy.sdf.org to c/europe@feddit.org
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.

[...]

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[–] Saleh@feddit.org 7 points 1 day ago (2 children)

Can someone with knowledge of these things say, if we would face similar privacy and security issues (from the citizens perspective) with the digital Euro project?

[–] burgerchurgarr@lemmus.org 3 points 1 day ago

Yeah you would. It depends on the exact implementation and luckily with so many countries involved there’s a lot less possibility to get consensus on privacy invasions, but from a technical perspective there’s nothing that stops the EU from later changing what they agreed upon now.

So what this means is that you’ll have to trust the EU that

  1. they implement this how they say they will
  2. they won’t later change the system to use it for mass surveillance

A proper replacement for cash is Monero. I know blockchain useless and crypto bad and all but that’s a real private digital currency where you’d have to be wanted by the CIA or Mossad to even face the threat of having your payments tracked.

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