Payment system news

In Russia it is forbidden to deposit funds to anonymous wallets

Depositing funds to e-wallets in Russia will be regulated in a new way: assets to such sites as Yandex.Money, QIWI, WebMoney and PayPal can no longer be deposited anonymously. Corresponding changes were made to the normative act “On the national payment system” and are aimed at suppressing illegal activities and, in particular, money laundering.

It is worth noting that they will affect only payment systems and will not apply to cryptocurrencies yet. However, experts say that over time, the standards will affect them too. Following the rules of the Financial Action Task Force on Anti-Money Laundering obliges crypto platforms to verify their clients. According to experts, the amendments will not in any way affect the demand for digital assets, since participants in the trades are already trying to secure their assets and are ready to go through identification procedures.

Рустам Алиев

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