RUS CB Digital RUB Platform Procedure


On Mar. 4, RUS CB proposed rules on digital RUB platform procedure.


  • RUS CB proposed ordinance on the procedure for sending by the customs authority to the operator of the digital ruble platform certain documents of the customs authority in the form of electronic documents, sending by the operator of the digital ruble platform to the customs authority a message containing information about the balance of digital rubles accounted for in the digital ruble account of the payer (the person bearing joint and several liability), as well as on setting the date for the operator of the digital ruble platform to receive certain decisions of the customs authority.
  • Consultation documents are only available on RUS CB website until comment deadline.
  • Summary
  • The ord was developed to determine interaction procedure between the operator of the digital RUB platform and customs authority regarding exchange of messages in e-form.
  • It was developed in accordance with law 340-FZ on customs regulation in the Russian Federation and on introducing amendments to certain legislative acts of Russia.
  • Effectiveness
  • Comments and feedback are expected by Mar. 18, 2024 and is expected to enter into force on Jan. 1, 2025.
  • Oct. 024 Ordinance Issued
  • On Oct. 2, 2024, RUS CB issued ord 6814-U on the procedure for sending by the customs authority to the operator of the digital ruble platform certain documents of the customs authority in the form of electronic documents, sending by the operator of the digital ruble platform to the customs authority a message containing information about the balance of digital rubles accounted for in the digital ruble account of the payer (the person bearing joint and several liability), as well as on setting the date for the operator of the digital ruble platform to receive certain decisions of the customs authority.
  • The ordinance enters into force on Jan. 1, 2025.

Regulators RUS CB
Entity Types Bank
Reference PR 10/2/2024; Ord 6814-U, 7/31/2024; CP, 3/4/2024; Law 340-FZ, 7/23/2024
Functions Compliance; Cyber; Financial; Legal; Operations; Reporting; Risk; Technology; Treasury
Countries Russia
Category
State
Products Banking; Cryptocurrency; Forex
Regions EMEA
Rule Type Final
Rule Date 3/4/2024
Effective Date 1/1/2025
Rule Id 203418
Linked to N/A
Reg. Last Update 10/2/2024
Report Section International

Last substantive update on 10/07/2024