Crypto News

The Central Bank in favor of the prohibition of the calculation of the cryptocurrency in Russia

The team of the Central Bank of Russia believes that the use of bitcoin and other cryptocurrencies in the country for making the payment shall be prosecuted by law. Experts believe that the new financial instrument carries a number of risks, RIA Novosti reported.

The attitude of the Central Bank to cryptocurrency

Experts of the Central Bank of the Russian Federation do not see the possibility of using cryptocurrencies on a par with the Fiat. Representatives of the regulator believe that a privately issued currency could not be approved as legal means of payment in the country. Also the team of the Central Bank is confident that digital assets can contribute to money laundering and financing of terrorist organizations.

We will remind, at the moment, bitcoin is outside the legal field of Russia. Work on the creation of a regulatory framework for digital assets by decree of the President conducted in the fall of 2017. Despite the long period of research, the legal framework for trafficking of digital assets in the country remains incomplete.

Recently, the Chairman of the Central Bank Elvira Nabiullina spoke
sharply criticized new financial instrument. According to the expert, Russia does not need digital assets. Their alternative, according to the banker, can be a traditional money with advanced functionality. Under the last Chairman of the Central Bank has in mind technical solutions similar to quick payments (SBP).

It is noteworthy that against the background of criticism of the idea of cryptorama, the participating countries of the BRICS, including Russia, to discuss
the possibility of forming its own analog XRP.


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