The Bank of Russia once again opposed the use of cryptocurrencies in settlements. This is reported TASS with reference to the statement of the head of the Central Bank Elvira Nabiullina.
According to her, the regulator advocates the development of digital financial assets and modern technologies, but they should not be limited to cryptocurrencies.
“We have not changed our position on the fact that private cryptocurrencies — for which it is not clear who and how is responsible, which are opaque and carry high risks of volatility — are not used in the calculations,” Nabiullina said.
At the same time, the head of the Central Bank noted that the digitalization of finance can help the Russian Federation trade with foreign partners.
Recall that the Ministry of Finance of the Russian Federation wants to allow international settlements in cryptocurrencies for any industry without restrictions. The initiative will require coordination with the Central Bank. Moscow Exchange or SPB Exchange can act as service centers for transactions.
Against the backdrop of tougher sanctions, Russian companies have partially switched to settlements in cryptocurrencies, despite the lack of regulation.
By December 19, the government instructed to prepare proposals agreed with the Central Bank on the development of cryptocurrencies and the digital ruble.
The roadmap should include provisions governing the mining and circulation of digital currency in the country, as well as its use in international payments.
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The Bank of Russia once again opposed the use of cryptocurrencies in settlements. This is reported TASS with reference to the statement of the head of the Central Bank Elvira Nabiullina.
According to her, the regulator advocates the development of digital financial assets and modern technologies, but they should not be limited to cryptocurrencies.
“We have not changed our position on the fact that private cryptocurrencies — for which it is not clear who and how is responsible, which are opaque and carry high risks of volatility — are not used in the calculations,” Nabiullina said.
At the same time, the head of the Central Bank noted that the digitalization of finance can help the Russian Federation trade with foreign partners.
Recall that the Ministry of Finance of the Russian Federation wants to allow international settlements in cryptocurrencies for any industry without restrictions. The initiative will require coordination with the Central Bank. Moscow Exchange or SPB Exchange can act as service centers for transactions.
Against the backdrop of tougher sanctions, Russian companies have partially switched to settlements in cryptocurrencies, despite the lack of regulation.
By December 19, the government instructed to prepare proposals agreed with the Central Bank on the development of cryptocurrencies and the digital ruble.
The roadmap should include provisions governing the mining and circulation of digital currency in the country, as well as its use in international payments.
Read Cryplogger bitcoin news in our Telegram – Cryptocurrency news, courses and analytics.
Found a mistake in the text? Select it and press CTRL+ENTER
