Tight measures of the Bank of Russia in relation to cryptocurrencies will prevent losses in the economy, and will not cause capital outflow. This is with reference to the statement of the General Director of the ACRA credit rating agency, ex-deputy chairman of the Central Bank Mikhail Sukhov writes “RIA News”.
According to him, the regulator acts in a timely manner and is based on the main aspects of the negative impact of digital currencies.
“Absolutely, the measures proposed by the Central Bank will not cause an outflow, but a whitewash of capital, including capital flowing into the country. With effective supervision of the operations of financial institutions, the risks of abuse – with control over the imposed bans – can be minimized, ”Sukhov emphasized.
He concluded that the public use of cryptocurrencies is not yet practiced, so tough measures can prevent losses to the economy and budget.
Recall that on January 20, the Central Bank of the Russian Federation proposed to introduce a ban on the issuance, circulation and exchange of cryptocurrencies, as well as the organization of such operations in Russia. The regulator said that these digital assets (including stablecoins) claim to replace fiat money, but are used primarily in illegal activities.
Later, the regulator’s initiative was criticized by the creator of Telegram, Pavel Durov, and experts called it “a step towards the country’s hopelessly lagging behind.”
The position of the Bank of Russia was also not supported by the government, the State Duma and law enforcement agencies. Vladimir Gutenev, chairman of the State Duma Committee on Industry and Trade, is confident that mining enterprises can be saved if they operate under strict control by regulatory authorities.
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Tight measures of the Bank of Russia in relation to cryptocurrencies will prevent losses in the economy, and will not cause capital outflow. This is with reference to the statement of the General Director of the ACRA credit rating agency, ex-deputy chairman of the Central Bank Mikhail Sukhov writes “RIA News”.
According to him, the regulator acts in a timely manner and is based on the main aspects of the negative impact of digital currencies.
“Absolutely, the measures proposed by the Central Bank will not cause an outflow, but a whitewash of capital, including capital flowing into the country. With effective supervision of the operations of financial institutions, the risks of abuse – with control over the imposed bans – can be minimized, ”Sukhov emphasized.
He concluded that the public use of cryptocurrencies is not yet practiced, so tough measures can prevent losses to the economy and budget.
Recall that on January 20, the Central Bank of the Russian Federation proposed to introduce a ban on the issuance, circulation and exchange of cryptocurrencies, as well as the organization of such operations in Russia. The regulator said that these digital assets (including stablecoins) claim to replace fiat money, but are used primarily in illegal activities.
Later, the regulator’s initiative was criticized by the creator of Telegram, Pavel Durov, and experts called it “a step towards the country’s hopelessly lagging behind.”
The position of the Bank of Russia was also not supported by the government, the State Duma and law enforcement agencies. Vladimir Gutenev, chairman of the State Duma Committee on Industry and Trade, is confident that mining enterprises can be saved if they operate under strict control by regulatory authorities.
Subscribe to Cryplogger news in Telegram: Cryplogger Feed – the entire news feed, Cryplogger — the most important news, infographics and opinions.
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