CB Sets 300K RUB Monthly Limit on Digital Ruble Wallets
The only limit is 300,000 rubles per month for transfers from one's own non-cash account in one bank to a digital account.
Consensus
- The Central Bank of Russia will impose a monthly limit of 300,020 rubles on transfers from non-cash accounts to digital ruble wallet accounts.
- The limit applies to transfers from a single bank's non-cash account to a digital ruble wallet.
- The Central Bank stated that this amount is sufficient for the average person based on practice and statistics.
- Citizens will be able to freely use and transfer funds in digital ruble wallets without restrictions.
- Digital ruble services will be available starting September 1.
- Twelve systemically important banks will provide access to digital rubles.
- Additional nine banks recognized as significant in the payment services market will also provide access.
- All operations with the digital ruble for individuals will be free of charge.
- The Central Bank confirmed that all systemically important banks are ready for the launch on September 1.
Points of divergence
- On August 12, the Central Bank included Bitcoin, Ethereum, and Tether USDT in the list of cryptocurrencies allowed for public trading on Russian exchanges, and set a yearly limit of 300,002 rubles for non-qualified investors purchasing cryptocurrencies. — vm
Coverage (4 sources)
- Central Bank will introduce monthly limit on wallet top-ups for digital rubles. It will be 300 thousand rubles. "As practice shows... — РИА Новости (Telegram)
- Central Bank will limit digital ruble account top-ups to 300 thousand rubles per month — Коммерсантъ
- Central Bank will set limits on transfers to wallets with digital rubles — Ведомости
- Central Bank will introduce monthly limit on wallet top-ups for digital rubles — Вечерняя Москва