Interfax learned about the Central Bank’s plans to oblige large sellers to accept digital rubles

Interfax learned about the Central Bank's plans to oblige large sellers to accept digital rubles

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The Bank of Russia proposed to oblige sellers (including owners of aggregators of information about goods or services) with revenue for the previous calendar year of more than 30 million rubles. accept payments through the Fast Payment System (FPS) from October 1, 2024, in digital rubles – from October 1, 2026, reports Interfax citing a source familiar with the situation.

The digital ruble is a unique electronic code (token). Unlike cryptocurrency, it is issued exclusively by the Central Bank. It is also backed by gold and foreign exchange reserves and is tied to the value of the national currency. Digital rubles are stored in digital wallets.

As the agency clarifies, the Central Bank made corresponding amendments to Art. 16.1 of the law on the protection of consumer rights for consideration by the relevant departments of the regulator. According to the initiative, trade and service enterprises (TSEs) with revenue for the previous calendar year of more than 20 million rubles. it is proposed to oblige payment to be accepted through SBP from October 1, 2025, and in digital rubles from October 1, 2027, Interfax reports. It is noted that the requirements will not affect retail facilities of large retail outlets whose annual revenue does not exceed 5 million rubles.

At the beginning of February, the Bank of Russia reportedthat last year the number of merchants accepting payment through SBP increased to 1.5 million. In 2022, the regulator estimated their number at 560 thousand. The share of purchases of goods and services through SBP in the total number of transactions for 2023 increased by 12% , up to 27%. The amount of such transactions last year reached 1.15 trillion rubles. against 600 thousand rubles. in 2022, the regulator reported. By data Bank of Russia, in 2023, Russians used SBP 7 billion times for an amount of more than 31 trillion rubles.

Erdni Kagaltynov

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