The Bank of Russia has unveiled a draft directive to introduce a “cooling-off period” for suspicious digital ruble transactions, according to Interfax.
Transfers are to be suspended for a couple of days if there are doubts about the voluntary consent of clients. In such cases, users will need to reconfirm the transaction order.
The regulator will also verify the consent for digital ruble transfers, with the option to decline the transaction.
Banks participating in the Russian CBDC platform are required to provide clients with recommendations to mitigate the risks of dubious transactions before entering into an account agreement.
Expert opinions on the draft are being accepted until June 28.
If approved, the document will come into effect 10 days after its official publication, but not before January 1, 2025.
Earlier, ForkLog reported on a new scam involving the digital ruble.
The law on the national digital currency came into force on August 1, 2023.
That same month, testing of the CBDC for individuals and businesses in Russia began with the participation of 13 banks. Later, the number of participants expanded to 30.
Russian citizens will be able to use the new payment method widely between 2025 and 2027.
In December 2023, the State Duma passed a law providing for the integration of the digital ruble into the tax regulation and control system.