Bank of Russia said the risk of using cryptocurrencies within the country

In this, the Central Bank does not object to the use of digital assets in international settlements

31.05.2022 - 15:10

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What’s new? The Bank of Russia is of the opinion that the use of cryptocurrencies in the country is dangerous and creates risks for citizens. However, the regulator does not object to the use of digital assets in international settlements and international financial infrastructure. First Deputy Governor of the Central Bank of the Russian Federation Ksenia Yudaeva said this, Prime reports.

Information on the Prime website

What events happened before? On May 31, Deputy Anton Gorelkin called for the draft law on cryptocurrencies to be introduced to the StateDuma as soon as possible. According to him, line ministries and the Russian IT industry also support the document, the main obstacle being the conservative position of the Bank of Russia.

On 28 May, the Ministry of Finance introduced another version of the draft law “On Digital Currencies.” The new edition included comments from the Ministry of Economic Development, the Ministry of the Interior, the Ministry of Digital Development, the Federal Taxation Service, the Federal Financial Monitoring Service, and the Analytical Center for the Government.

On April 13, the Director of the Financial Policy Department Ivan Chebeskov said that cryptocurrency is an important part of building a financial architecture, and qualified personnel and clear regulation are needed for the development of this industry.

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