February 22, 2024

CBR may lift ban on anonymous use of e-wallets

CBR may lift ban on anonymous use of e-wallets

The FinTech Association and its member payment service Qiwi suggested that the Russian central bank refusefrom a ban on anonymous replenishment of electronic wallets. New restrictions can be sent under the so-called regulatory guillotine, according to RBC.

They started talking about the launch of the "guillotine" in the Central Bank in September. Within the framework of a project similar to the government one, the regulator will analyze and remove the lost or redundant legal norms.

In the document, the central bank was asked to cancel identification for individuals during transfers, as well as when replenishing cash in the amount of up to 5 thousand rubles from wallets opened in credit institutions.

FinTech also wants to increase transaction limitswith electronic money. At the moment, users who have passed simplified identification can keep no more than 60 thousand rubles in their account and make transactions for a maximum of 200 thousand rubles per month.

“If these issues are resolved, electronic money can become a full-fledged replacement for cash, the most affordable and convenient payment tool”, said the Qiwi press service.

Let us remind you that the Russian Federation Council approved a ban on replenishing electronic wallets with cash in the summer. The new amendments will come into force next year.