RUS CB Digital RUB Transaction Rules

Updated on: Dec 30, 2024

Latest Event


  • Dec. 2024 Ord Issued
  • On Dec. 24, 2024, RUS CB issued ord 6928-U on procedure for counteracting digital ruble transactions corresponding to the characteristics of money transfers without the client's voluntary consent, established by RUS CB in accordance with part 3.3 of article 8 of law 161-FZ on national payment system which enters into force on Feb. 22, 2025.

On Jun. 14, RUS CB proposed regulation for unlawful digital RUB.

  • RUS CB proposed ord on procedure for counteracting digital ruble transactions corresponding to the characteristics of money transfers without the client's voluntary consent, established by RUS CB in accordance with part 3.3 of article 8 of law 161-FZ on the national payment system.
  • Consultation documents are only available on RUS CB website until comment deadline.
  • Summary
  • The ord outlines procedures for to counteract unauthorized digital RUB transactions and documenting procedures to check unauthorized digital RUB transactions.
  • Also, requirements for informing clients about actions taken to counter unauthorized transactions and recommendations for reducing the risk of repeat transactions and provisions for clients to resend instructions to the same platform participant.
  • And procedures for operators to counteract unauthorized digital ruble transactions.
  • Effectiveness
  • Comments and feedback are expected by Jun. 28, 2024.
  • Dec. 2024 Ord Issued
  • On Dec. 24, 2024, RUS CB issued ord 6928-U on procedure for counteracting digital ruble transactions corresponding to the characteristics of money transfers without the client's voluntary consent, established by RUS CB in accordance with part 3.3 of article 8 of law 161-FZ on national payment system which enters into force on Feb. 22, 2025.
Regulators
RUS CB
Entity Types
Bank
Reference
PR 12/24/2024; Ord 6928-U, 11/5/2024; CP, 6/14/2024; Law 161-FZ, 7/27/2024;
Functions
Compliance; Cyber; Financial; Legal; Operations; Reporting; Risk; Technology; Treasury
Countries
Russia
Category
State
N/A
Products
Banking; Cryptocurrency; Payments
Rule Type
Final
Regions
EMEA
Rule Date
Jun 14, 2024
Effective Date
Feb 22, 2025
Rule ID
216146
Linked to
N/A
Reg. Last Update
Dec 24, 2024
Report Section
International