Bank of Russia notified that from February 23, all banks will be required to suspend any operations in digital rubles of their clients for two days if there is a suspicion of fraud.
As the regulator explained, the mechanism for freezing transactions with digital rubles will be similar to what has been in effect for standard bank transfers since July 25.
If the bank detects a suspicious transaction, the client will receive a corresponding notification about the risk of fraud and the opportunity to confirm the transfer no later than two days later. If the client does not confirm the transfer, the funds will remain in his digital wallet, the regulator's document states.
Under the new rules, banks will be forced to suspend all transactions with digital rubles, even if the user insists on making a transfer or tries to make the transaction again within two days of the so-called “cooling-off period.”
If after two days of “cooling off” the client still carries out the same transaction, the bank will carry it out, but will not bear any financial or legal responsibility for it, the Bank of Russia emphasized in its statement.
