Bank of Russia to block “harmful” financial sites

Bank of Russia to block “harmful” financial sites

- in All News, Regulation
bank rossii

Bank of Russia, Russia’s c-bank and megaregulator of all things financial, announced it will be blocking internet resources with harmful content relating to financial markets and the national payments system.

According to the press announcement, an agreement in that regard has been signed between the c-bank and Russia’s administrator of the top level national internet domains .ru and .рф.

„Thus Bank of Russia obtained a status of a competent organization, which has the right to look for sites that are violating the regulations or are spreading harmful information or illegal content and phishing sites and demand from the domain administrator to block them,” the statement said.

Naturally, the c-bank notes that those measures would protect the members of the general public from financial fraud. Considering that the handing out of forex licenses in Russia is more or less, complete, the new powers of the Bank of Russia would most likely let it block access to the sites of the unlicensed forex brokers.

If this indeed happens, it will not be such big news as talk of this has been going on since earlier this year.

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