On August 3, 2020, new regulatory requirements for foreign payment service providers operating in the Russian Federation came into force, through Federal Law No. 264-FZ “On Amendments to the Federal Law” On the National Payment System “and the Federal Law” On the Central Bank of the Russian Federation (Bank of Russia). These amendments are incorporated in Federal Law No. 161-FZ “On the National Payment System” (as amended on July 20, 2020), which also entered into force on August 3, 2020.