In contrast to Bitcoin payments, the Bank of Russia says that the state should not stimulate the spread of cryptocurrencies-regulation
In contrast to Bitcoin payments, the Bank of Russia says that the state should not stimulate the spread of cryptocurrencies-regulation
cryptocurrencies are anonymous and the government should not promote its distribution, the head of the Bank of Russia insisted on it. The regulatory authority continues to decide the legalization of Bitcoin and the like as a means of payment in the Russian Federation.
Bank of Russia confirms negative attitude towards cryptocurrencies, legalization of Bitcoin
A "responsible state" should not promote the spread of cryptocurrencies, according to Elvira Nabiullina, chair of the Russian central bank ( cbr>). The head of the currency authority gave the explanation in the lower house of the Russian Parliament, the state duma.
The high -ranking civil servant emphasized that the bank had "an extremely negative attitude to cryptocurrencies", which she described as "private currencies that pretend to be money". Cited from the news agency TASS, said Nabiullina: These cryptocurrencies are anonymous, nobody is responsible for this, and in our opinion a responsible state should not stimulate their spread and press them out of payments. At the same time, people have to be offered an alternative, the governor admitted. The Bank of Russia tries this with its projects. "I have already talked about the digital ruble - this should develop in our opinion," added Elvira Nabiullina. The head of the Russian monetary policy regulatory authority noted that the CBR was not generally against digital currencies, unless they were used for "shadow operations". However, Nabiullina pointed out that the Bank of Russia continues to speak against the legalization of Bitcoin as a payment instrument in the country. In response to the increasing popularity of cryptocurrencies and the significant increase in electronic payment transactions, the Russian central bank has increased its efforts to create a digital version of the national Fiat, the ruble. This year the regulatory authority has a Digital Rubel Pilot group with over a dozen financial institutions. A prototype of the cbdc The platform will start in December. The digital ruble is what the Russians need because it enables cheap and reliable cashless payments, Nabiullina said recently tells participant of an international banking forum. According to the state's latest financial market development strategy, the digital currency issued by the state should prevent the citizens from being ' Gelder set ", a term used by civil servants in Moscow to describe cryptocurrencies. Do you believe that Russia will ever legalize Bitcoin as a means of payment? Share your expectations in the comment area below. Bedy verification : Shutterstock, Pixabay, Wiki Commons 