Bank of Russia har værktøjer til at begrænse kryptoinvesteringer, guvernør tip

Bank of Russia har værktøjer til at begrænse kryptoinvesteringer, guvernør tip

The Central Bank of Russia has reaffirmed its opposition to cryptocurrency investments citing the volatility of the digital assets as a key motive for its conservative stance. Governor Elvira Nabiullina has recently indicated that the regulator has the means to restrict them.

Nabiullina Insists Bank of Russia Can Limit Investments in Crypto Assets

Rusland’s monetary authority does not welcome investments of Russian citizens in cryptocurrencies, the head of the Central Bank of Russia (CBR), Elvira Nabiullina, said during an online press conference this week. She highlighted their volatility and potential use in criminal activity as major reasons for the regulators position.

The governor also noted Bank of Russias stance that the Russian financial infrastructure should not be employed to facilitate cryptocurrency transactions. She stressed that the regulator is capable of implementing restrictions and reiterated the banks skepticism towards these assets. Quoted by the business news portal RBC, the chair of the Russian central bank elaborated:

Cryptocurrencies carry great risks for retail investors due to high volatility and use in illegal activities, so we cannot welcome investments in such assets.

Nabiullinas statements come after media reports og Messari that Russian authorities are now holding discussions to choose between two very different approaches to the regulation of cryptocurrencies and related activities. While the Bank of Russia is seeking to prohibit crypto purchases, the State Duma is developing rules for coin mining and exchange. These will legalize cryptocurrencies despite the CBR’s centralbank har aktivt testet sin digitale valuta opposition to their free circulation including their use in payments.

Earlier this week, Reuters quoted sources close to the CBR who indicated that the monetary authority is in talks with market players over a possible ban on the acquisition of crypto assets by Russian investors in the future. One of them unveiled that the central banks current position is one ofcomplete rejectionof cryptocurrencies. Industry experts have warned that such a move would push crypto investors underground and prevent the state from collecting taxes.

Imidlertid, according to the head of the parliamentary Financial Market Committee, Anatoly Aksakov, lawmakers are also considering the legalization of crypto trading which would allow the taxation of related profits and incomes. Aksakov remarked that the State Duma has already adopted on first reading a draft law to tax crypto transactions in the Russian Federation. The legislation, which recognizes digital currencies like bitcoin as property for tax purposes, was submitted to the house last December.

Do you think Bank of Russia will convince other authorities to support a ban on cryptocurrency investments? Fortæl os det i kommentarfeltet nedenfor.