The Russian authorities should not encourage the spread of cryptocurrencies, the regulator believes

​The Central Bank of Russia does not support BTC payments within the country

19.11.2021 - 10:00


1 min

What’s new? The Bank of Russia Governor Elvira Nabiullina stated that the domestic authorities should not encourage the spread of cryptocurrencies in the country. This is reported by TASS.

Material on the TASS website

What did Nabiullina say? The head of the financial regulator reminded that the Central Bank is still against the use of BTC as a means of payment for settlements in Russia. However, she added, the Central Bank generally sees no harm in digital currencies, except when they are “used for suspicious transactions.”

Nabiullina clarified that in order to have an alternative for Russians, the Bank of Russia is currently developing virtual projects. In particular, this refers to the digital ruble, she stressed.

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