The RF regulator does not support the legalization of cryptocurrency.
The Central Bank fears that cryptocurrencies for their mass use can replace the ruble. Such was the reaction of the Central Bank to the proposals of the State Duma deputies on the regulation of cryptocurrency. According to the Central Bank, the development of cryptocurrencies threatens to create a parallel financial system that does not comply with the rules that apply to financial institutions in Russia. Therefore, the regulator still does not support the legalization of cryptocurrency, mining and the creation of domestic cryptocurrency infrastructure.
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Earlier it was reported that < strong> SCFM found signs that Russia is using cryptocurrency to circumvent sanctions. Identified Russian cryptocurrencies may be linked to the sanctioned banks Oschadbank, VTB Bank and others.
Recall in the US on the largest cryptocurrency exchange Coinbase denied Russians access to 25,000 wallets . The reason is sanctions against Russia due to its war with Ukraine and “illegal activities of the owners.” This is stated on the website of the exchange.
