They want to include funds in electronic wallets in the deposit insurance system

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They want to include funds in electronic wallets in the deposit insurance system
February 3rd. /MEDIA TALK/. The Bank of Russia, together with the Deposit Insurance Agency, has prepared a draft law on ensuring the protection of funds in digital wallets.

The relevant document was sent to the State Duma for consideration, RBC reports.


Photo: ru.freepik.com

The draft law provides guarantees for the protection of electronic wallets, similar to those applied to money stored in deposit accounts in banks.

The amount of up to 1.4 million rubles will be insured if the e-wallet has a username (not anonymous) and has passed the full or simplified identity verification procedure. In the case of an abbreviated check, the first name, last name and number of the identification document are indicated, while the full check takes place at the office to verify personal data.

The initiative was first announced in February 2024 after the revocation of a license from a Qiwi bank specializing in transactions through such wallets.
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