Oleg Deripaska: The Central Bank of Russia should develop the cryptocurrency industry

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Russian businessman and billionaire Oleg Deripaska urged the Central Bank of Russia to pay more attention to the development of the cryptocurrency market to strengthen the country’s national security.

Oleg Deripaska expressed the opinion that the Central Bank of Russia ignores the growing cryptocurrency market in vain and does not invest in the development of this area. According to the businessman, uncontrolled digital payments can not only negate the effectiveness of the mechanism of economic sanctions against Russia, but also become a weapon of economic defeat against the economies of unfriendly countries. The position of the businessman is indirectly confirmed by the document of the US Treasury Department, dedicated to the review of the imposed sanctions, which says:

“They [механизмы оборота криптовалюты] also empowering our adversaries seeking to create new financial and payment systems designed to reduce the global role of the dollar. We are aware of the risk that, if left unchecked, these digital assets and payment systems could compromise the effectiveness of our sanctions. ”

Deripaska is not the only Russian businessman to express concern about Russia’s technological lag in the development of the cryptocurrency industry. RACIB President Yuri Pripachkin criticized the government of the Russian Federation for the fact that over the past four years it has not been able to “bring out of the shadows” the domestic segment of the cryptocurrency market. He accused the regulator of a biased attitude towards cryptocurrencies and artificial slowdown in the development of the Russian cryptoindustry.

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