The Central Bank of the Russian Federation set a limit to replenish the wallet with digital rubles – Bits Media

The Bank of Russia plans to introduce restrictions on the replenishment of a wallet with a digital ruble. This was stated by the head of the financial regulator Elvira Nabiullina, Speaking in the State Duma.

Elvira Nabiullina made an annual report of the Bank of Russia for 2022 year. In the report The Chairman of the Board spoke about the results achieved and plans of the financial regulator for 2023 year. Among other things, The official shared plans to create a state digital currency:

“We want to enter the pilot on a digital ruble soon, but for small amounts and for a limited number of customers. After analyzing the results, we can offer a digital ruble to a larger circle of those who wish. Translations in digital rubles will be absolutely free for people. We determined the amount in 300 000 rubles monthly to replenish the digital wallet ".

The Bank of Russia promises to charge interest on operations, nominated in digital rubles, only from legal entities. The specific size of the commission has not yet been defined. Only marked, that he will not exceed equivalent commissions, used in the fast payments system. Nabiullina assured, that the legal entity and individuals will decide for themselves, what form of Russian money and in what cases to use.

Recall, planned on 1 April Pilot Launch of the CBDC Bank of Russia did not take place due to the lack of a regulatory framework: The corresponding bill passed in the Duma only the first reading.

On the eve of the State Duma Committee on the Financial Market extended the deadline for collecting amendments to the Law “On Amendments to Certain Legislative Acts of the Russian Federation in connection with the introduction of a digital ruble”. According to the document, signed by the chairman of the committee Anatoly Aksakov, Amendments from all interested parties will be accepted before 19 May.