Friday , December 3 2021

Anonymous online payments will be banned in Russia: Money: Economy:


In Russia, it will be forbidden to anonymously fill in electronic portfolios. Relevant amendments to the law on the national payment system were approved by the Federation Council, according to the publication of RBK, which belongs to Grigory Berreskin.

These are "QIWI Wallet", "Yandex.Money", WebMoney, PayPal and other similar online portfolios. Users will only be able to deposit money after identification. Electronic portfolios can not be filled in cash via payment terminals, you will now have to use a bank account to transfer funds.

Anatoly Aksakov, head of the State Financial Market Commission, explained that anonymous online portfolios can be used to fund terrorism or drug trafficking. Innovations will allow you to monitor and block suspicious transactions as well as to accurately identify the payer.

The Association of Electronic Money Market Participants, which includes the largest agencies, criticized the amendments as they will have a negative impact on companies' revenues and industry developments. The association claims that all the risks of anonymous online payments are minimized with hard limits: the balance of electronic portfolios can not exceed 15,000 rubles, and the total amount of transactions is no more than 40,000 rubles per month. Also, without identification, it is not possible to withdraw money from them and transfer money abroad. All this makes online systems unattractive. Innovations can lead to the fact that foreign systems will leave Russia, and nationals will cease to develop.

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