The State Duma is going to impose restrictions on payment systems

We are talking about payment systems that are not registered in the Russian Federation. For example, PayPal and Webmoney, which are registered not in Russia, but in the USA and London, respectively. Currently, representatives of the State Duma Committee on Budget and Taxes are preparing a number of changes in the regulatory legal acts regulating the operation of payment systems on the Internet.

All these changes will be displayed in the upcoming draft law. As far as one can understand, one of the most important innovations will be the obligation of payment systems to provide security pledges. Similar deposits were previously introduced for Visa and MasterCard.

According to the authors of the project, most innovations relate to the openness of the payment systems before the law of the Russian Federation. Now lawmakers point out that payment systems can be used to finance terrorism and other illegal activities.
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“It will be a whole package of bills that will give the Central Bank a full-fledged status of controller in the Russian banking system. Among other things, amendments are being prepared to regulate foreign online payment systems operating in our country in order to increase their reliability. The changes will affect the creation of a security deposit base for companies that allow settlements on the Internet. We are also working on the issue of creating greater access by Russian regulatory authorities to these systems in order to more effectively combat the financing of crime and the dubious movement of money, ”says Yevgeny Fedrov, the author of the draft law.

The size of the security deposit for online payment systems will be equal to the same indicator for payment card systems. At present, VISA and MasterCard are obliged by law to accumulate quarterly on special accounts of the Central Bank at 25% of the average daily turnover. At the same time, after some disputes, the Russian authorities promised foreign companies to slightly reduce the amount of collateral.

By the way, with regard to PayPal, this company recently received a license from the Central Bank, therefore, representatives of the payment system do not consider the new bill to be related to PayPal. “PayPal is not on the list of systems to which this requirement applies,” said company spokeswoman Maria Azamuzhayeva.

Visa Qiwi Wallet is also registered in the Russian Federation, so the new bill may not apply to this system.

By the way, the blocking stake in the poison (Yandex Money) still belongs to the Dutch legal entity, so questions arise here.

Via izvestia.ru