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Fintech Market Overview

This article does not constitute legal advice.

Data protection in Russia

Fintech Software

The implementation of rules related to the marketing and advertising of financial products follows the policy of the Central Bank of Russia, along with other regulatory institutions. This policy is in accordance with global institutions that prioritise consumer protection. These practices are derived from the Federal Law on Advertising, which prohibits misleading and fraudulent advertising campaigns and stipulates rules inherent to financial services and securities.1

Russian data protection legislation is largely based on international regulations. In 2005 Russia ratified the 1981 Strasbourg Convention. It served as the basis for the Russian legislation on personal data protection, which has been in force since 2006.1

The Federal Law on Personal Data and the Federal Law on Information, Information, Technologies, and Data Protection, are the legislative bills that contain the precepts for the regulation, gathering, storage, and use of personal data in Russia.1

Cross-border payments in Russia

Fintech in Russia

Fintech in other countries

Let's introduce you

Russian Fintech Lawyers

Viacheslav Losev

Viacheslav Losev

Legal support for FinTech and Blockchain projects

Kristina Berkes

Kristina Berkes

Participation as a lawyer at investment venture funds, leading venture M&A deals in IT, supporting iGaming and business assets

Roman Buzko

Roman Buzko

Registration, regulatory advice, investment transactions and dispute resolution.

Fintech investors from Russia

Bergtop

Bergtop

We invest between USD $50k - $250k in each early-stage company

Notes
  1. https://thelawreviews.co.uk/title/the-financial-technology-law-review/russia
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