The Bank of Russia proposes to introduce a ban on cryptocurrency settlements between residents outside the experimental legal regime (EPR), the head of the regulator Elvira Nabiullin said at a press conference. According to her, for violation of the ban, that is, the use of cryptocurrencies as a payment fund, you must also introduce liability. He writes about this RBC Crypto.
Before that, the head of the Central Bank said that it was time to move on in relations with cryptocurrencies. She explained that it is necessary to build a regulatory environment in order to give the opportunity to “especially qualified” investors to invest in cryptocurrencies in the Russian market.
The Bank of Russia believes that these investments are associated with increased risks, and offers to try this as part of an experiment that will allow you to form standards, increase transparency and evaluate investors admission criteria.
In early March, the Ministry of Finance stated that they were considering the possibility of launching organized trading of cryptocurrencies in Russia as part of the EPR for Supercovals. This category of investors has not yet been defined.
As for non -inalized investors, the Bank of Russia believes that they “should be protected from it as much as possible.” Last week, the first deputy chairman of the Bank of Russia Vladimir Chistyukhin stated this, explaining this by the fact that the performing operations with cryptocurrencies is “extremely risky activity”.
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Source: Cryptocurrency
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