The head of the Russian central bank Elvira Nabiullina at press conferences once again expressed skepticism about cryptocurrencies due to the risks for retail investors.
According to her, crypto assets are “very opaque”, are often used in illegal transactions and their price is too volatile.
“We advocate that the Russian financial infrastructure is not used for transactions with cryptocurrencies. It is quite possible to realize this, ”Nabiullina said.
December 17, 2021 | 17:19Update:
In connection with the latest rhetoric of the Russian Central Bank regarding cryptocurrencies, the CEO of the BitNalog service Dmitry Machikhin invited Elvira Nabiullina to the debate.
Earlier, the media, citing sources at the Bank of Russia, reported on the regulator’s plans to ban investments in cryptocurrencies.
The head of the State Duma Committee on the Financial Market, Anatoly Aksakov, said that the Russian authorities are discussing various options for regulating the industry – from a ban on the ownership and purchase of crypto assets to the legalization of bitcoin exchanges.