Published on: 2026-07-21
Source: Central Bank of Russia – Central Bank of Russia –
An important disclaimer is at the bottom of this article.
Electronic money (e-wallets) in banks will be protected by the deposit insurance system. This only applies to wallets whose owners have undergone identification or simplified identification in accordance with the law on combating money laundering. Such law was adopted today by the State Duma.
These funds will be subject to the standard limit (up to 1.4 million rubles), ensuring equal protection of depositors’ funds regardless of whether their money is in accounts (deposits) or in electronic wallets at banks. The law will come into force 180 days after its official publication and will apply to insurance events that occur after this date.
Electronic wallets are used to pay for purchases online and to transfer money to other people. They are not linked to bank accounts, are regulated by the national payment system law, and have a legally established maximum balance limit (depending on the operator and whether the owner has completed identification). According to estimates by the Bank of Russia, identified electronic wallets in banks hold about 50 billion rubles.
Photo on the preview: tomertu / Shutterstock / Fotodom
Please note; This information is raw content obtained directly from the source. It is an exact report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.