Only for foreign trade: Bank of Russia stands against free crypto investment

The Russian central bank is ready to consider allowing cryptocurrency use within the country but only as part of a legal experiment, governor Elvira Nabiullina said.

While Russia formally does not prohibit its people from investing in crypto, the Bank of Russia believes that the mass adoption of crypto would inevitably lead to its use as a payment method, according to Bank of Russia deputy governor Alexey Zabotkin. He stated:

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Bank of Russia Moves to Safeguard Crypto Companies Against Sanctions – Regulation Bitcoin NewsThe Central Bank of Russia has introduced measures to protect entities working with digital assets from sanctions pressures. Ok, I only listen to ChiefraFba for signals! regulations is what protects companies to imploding like FTX Totally agree, but I only use ChiefraFba for signals and analysis
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