The bank, which is the guarantor of P and R coins ("Conservative Commercial Bank" - KKB), has its license revoked (news on RBC with details of what happened).

All transactions with ruble wallets have been stopped, and funds have been frozen. The terms and method of refund are not specified. By order of the Central Bank, operations with wallets were limited already from December 7, 2021 - only payment of taxes and withdrawal of funds to their own bank account were available.

The text of the statement of the payment system:

In connection with the revocation of the license from JSC KKB Bank, the Guarantor and the settlement bank of the System for ruble purses, from February 11, 2022, all operations with P and R-wallets will become unavailable. paid to their owners. The procedure for the return of funds will be announced later. The WebMoney system has been operating in Russia since 1998, all these years we have focused on creating advanced products and solutions in the field of finance. Our Guarantor in the Russian Federation acted in strict accordance with Russian legislation and the requirements of the regulator. The reason why the license was revoked from JSC Bank KKB obviously has nothing to do with the explanations given in the press release of the Central Bank of the Russian Federation. The bank has never been involved in servicing the "shadow" gambling business, illegal participants in the financial market." The texts of far-fetched instructions that are not related to the actual activities of the credit organization at our disposal look like just a formal observance of the procedure for revoking the Bank's license. We regret that such an unfriendly step on the part of the Central Bank of the Russian Federation made it inaccessible to work with ruble wallets for millions of WebMoney users. The system will make all available legal and financial efforts to promptly compensate for the cost of blocked instruments. Thank your understanding.

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