In the updated bill on the introduction of the digital ruble, presented by the State Duma Committee on the Financial Market, the deputies proposed to clarify the powers of the Central Bank and introduce significant concessions for non-residents when working with the instrument. This is reported Interfax citing a knowledgeable source.
In the revised document the rule on the possibility of participation of the Central Bank in the capital of organizations within the framework of the digital ruble project has disappeared. Otherwise, the powers of the regulator in the matter of the operation of the platform have not changed, but responsibilities have been added. In particular, the National Financial Council should consider the report of the Bank of Russia in the field of anti-money laundering legislation when organizing a digital ruble platform. This norm has already caused the comment of the legal department of the State Duma.
“Meanwhile, the draft law does not provide for changes to this federal law regulating the preparation and approval of this report,” the department’s recall says.
The regulator will also need to ensure the implementation of measures to encrypt the information contained on the digital ruble platform about employees of the Federal Security Service, about persons in respect of whom state protection measures are being implemented, about objects subject to state protection in accordance with the legislation of the Russian Federation.
Significant comments were caused by the rule that it will be possible to write off debtors’ funds from digital accounts without restrictions related to maintaining income in the amount of a living wage.
The legal department of the State Duma in its opinion indicated that the draft norms are not consistent with the principle of enforcement proceedings on the inviolability of the minimum property necessary for the existence of a debtor-citizen and members of his family, and also put in an unequal position debtors who have funds in a bank account, and debtors with a digital account.
The new document allows non-residents to access the platform both through foreign banks and directly through the Central Bank. A clarification is also being made to the law on currency regulation: non-residents have the right to carry out transactions with digital rubles without restrictions.
Persons who are not the platform operator or its participant will not be able to use the phrase “digital ruble platform” and words derived from it in advertising.
According to sources, the amendments have now been sent to the relevant ministries. The deadline for consideration of the bill in the electronic database of the State Duma has not yet been designated.
Recall that in April, the Bank of Russia released a FAQ on the digital ruble, in which it spoke about the principles of the new financial instrument and the myths associated with it.
In the same month, the head of the Central Bank, Elvira Nabiullina, announced limits on operations with a new asset.
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In the updated bill on the introduction of the digital ruble, presented by the State Duma Committee on the Financial Market, the deputies proposed to clarify the powers of the Central Bank and introduce significant concessions for non-residents when working with the instrument. This is reported Interfax citing a knowledgeable source.
In the revised document the rule on the possibility of participation of the Central Bank in the capital of organizations within the framework of the digital ruble project has disappeared. Otherwise, the powers of the regulator in the matter of the operation of the platform have not changed, but responsibilities have been added. In particular, the National Financial Council should consider the report of the Bank of Russia in the field of anti-money laundering legislation when organizing a digital ruble platform. This norm has already caused the comment of the legal department of the State Duma.
“Meanwhile, the draft law does not provide for changes to this federal law regulating the preparation and approval of this report,” the department’s recall says.
The regulator will also need to ensure the implementation of measures to encrypt the information contained on the digital ruble platform about employees of the Federal Security Service, about persons in respect of whom state protection measures are being implemented, about objects subject to state protection in accordance with the legislation of the Russian Federation.
Significant comments were caused by the rule that it will be possible to write off debtors’ funds from digital accounts without restrictions related to maintaining income in the amount of a living wage.
The legal department of the State Duma in its opinion indicated that the draft norms are not consistent with the principle of enforcement proceedings on the inviolability of the minimum property necessary for the existence of a debtor-citizen and members of his family, and also put in an unequal position debtors who have funds in a bank account, and debtors with a digital account.
The new document allows non-residents to access the platform both through foreign banks and directly through the Central Bank. A clarification is also being made to the law on currency regulation: non-residents have the right to carry out transactions with digital rubles without restrictions.
Persons who are not the platform operator or its participant will not be able to use the phrase “digital ruble platform” and words derived from it in advertising.
According to sources, the amendments have now been sent to the relevant ministries. The deadline for consideration of the bill in the electronic database of the State Duma has not yet been designated.
Recall that in April, the Bank of Russia released a FAQ on the digital ruble, in which it spoke about the principles of the new financial instrument and the myths associated with it.
In the same month, the head of the Central Bank, Elvira Nabiullina, announced limits on operations with a new asset.
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