No Crypto Loans and Fewer Trading Options – Russian Finance Ministry Clarifies Regulatory Plan – Regulation Bitcoin News

📆 14/02/2022 17:02:00
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Russia will not allow lending in cryptocurrency or its use as collateral, finance ministry says.

No Crypto Loans and Fewer Trading Options – Russian Finance Ministry Clarifies Regulatory Plan

The treasury adds that market participants will be obliged to duly inform citizens about the heightened risks associated with digital currencies. Russian regulators also intend to impose restrictions and introduce strict control over advertising of crypto-related products and services, Tass news agency reported, quoting the document.

In contrast, regulated circulation through licensed exchanges will limit the list of tradable assets and offer Russian citizens access only to the most mature and established cryptocurrencies.

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They're protecting themselves against volatility, makes sense

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