On October 14, the State Duma immediately passed in the second and third readings a bill that allows banks and other financial organizations to transfer clients’ personal data and information constituting banking secrecy to third-party organizations without their consent. Only accredited IT companies and banks with a universal license will be able to process such data, provided the conditions established by law are met.

#THIS #Banks #TheStateDuma #Personaldata #Russia

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Starting July 1, 2027, Russia will ban cryptocurrency purchase and sale transactions between individuals (P2P operations). The Central Bank, however, allows buying and selling cryptocurrency through regulated intermediaries.

#Banks #Cryptocurrency #Russia #finance #CentralBankoftheRussianFederation

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Russian banks received millions of requests from the Federal Bailiff Service about debtors’ accounts from September 18 to 21 without prior warning. The National Financial Market Council warned that such a flow of requests could jeopardize the financial stability of individual banks.

#Banks #Debtors #Russia #finance #fssp #centralbank

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From September 1 to 24, the amount of cash in circulation increased by 386.3 billion rubles, according to the Central Bank of the Russian Federation’s оперативная statistics. The outflow of funds from banks into cash has been continuing for the eighth month in a row.

#AlfaBank #AssociationofRussianBanks #Banks #BohdanShablya #cash #TSBRF

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