By Olga Razumovskaya

MOSCOW--A new Russian anti-terrorism bill that aims to put tighter controls over on-line payments could hamper development in the area, a vice president of Mobile TeleSystems (MBT), the country's leading telecoms company, said Tuesday.

Vasyl Latsanych said the bill, which was introduced in Russia's parliament in mid-January, isn't welcome as it may complicate on-line payments by introducing too low a threshold for anonymous small daily and monthly payments.

The company, known widely as MTS, currently provides banking services in Russia through its MTS Dengi, or MTS Money, card service that can be used for online payments.

Write to Olga Razumovskaya at olga.razumovskaya@dowjones.com

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