The Bank of Russia has received a letter from the National Financial Market Council (NFMC) regarding the confirmation of remote financial transactions. The regulator said that it considers it premature to "consider the implementation of the initiative of mandatory confirmation of expression of will through MAX in relation to the financial industry".
The Central Bank also explained to Kommersant that the rule on confirming significant actions remotely is within the competence of the Ministry of Digital Development.
The NFMC previously sent a letter to the Central Bank and the government requesting amendments to the draft law "Antifraud 2.0". The document proposed that financial transactions conducted remotely be confirmed mandatorily by two methods at once - via SMS and messages in the MAX messenger.
The requirement, according to the bill, will have to apply to all "significant actions" performed by citizens remotely.
Financial market participants considered the proposed double confirmation to be a "legally redundant and unreasonably costly" procedure, the media noted.
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