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Central Bank: insurance does not apply to funds in electronic wallets

MOSCOW, February 21 Deposit insurance in Russia does not cover funds in electronic wallets, the Bank of Russia announced in its official group on the VKontakte social network.
““Insurance does not apply to funds in electronic wallets,” the Central Bank wrote in response to the question whether an electronic wallet is considered a bank account.
The Central Bank indicated that “all clients who had money in bank accounts must apply for payments to the DIA.”

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