Banks want to control the internet money

Banks Finansy18-09-2009 Bank wishes to control the internet money the central bank of Russia eyeing the market for electronic money and could be its regulator. This was stated by deputy director of the department of regulatory settlements of the Central Bank of Alma Obaeva. It is believed the Central Bank, to issue such money should only banks or companies acting through them. Accordingly, the latter must meet the same requirements, including for the capital. Now reporting on doing online payment provided by the Central Bank on a voluntary basis. Bill on the Control of electronic money being developed Duma Committee on Financial Markets, reports Lenta.ru. Previously, the issue involved the Ministry of Finance, where in 2007 she worked as a kind of inter-ministerial team. Apparently, the bankers are trying all means to take control of alternative monetary systems and methods of calculation. Association of Russian Banks served as the principal initiator of the amendment to the legislation concerning the payment terminals. Under the new law, the terminals must be equipped with check-out equipment included in the State Register. Now none of the existing models of payment terminals in Russia is not included in the registry. If the situation does not change, many POS terminals will be outlawed from January 1, 2010, said the Internet edition.