Encyclopedia

Electronic money


Electronic money — the bank's termination of operations resulting in a reduction of the balance of electronic money, within the amount in foreign currency equivalent to the amount in rubles specified in the decision, according to the official exchange rate of the foreign currency to the ruble of the Russian Federation established by the Central Bank of the Russian Federation on the date of the commencement of the suspension of the transfer of electronic money in foreign currency of the relevant person1.

  1. Federal Law No. 289-FZ dated 03.08.2018 "On Customs Regulation in the Russian Federation and on Amending Certain Legislative Acts of the Russian Federation". 2018, as amended on 2018-08-04, Article 77, paragraph 2. ↩

Laws with commentary

Codes and federal laws