President of the Central Bank of Russia Approaches the Use of Cryptocurrencies in International Payments

As long as cryptocurrencies do not interfere with Russia’s domestic financial system, Elvira Nabiullina, Governor of the Central Bank of Russia He said it can be used for international payments.

Chairman of the Central Bank of Russia Nabiullina, June 16 In an interview with local news agency RBC on cryptocurrencies Russia’s domestic financial system “not leaking” if Can be used for international payments told.

Arguing that digital assets should not be used as payments within the country nabiullina, This is because cryptocurrencies are very unstable and variable for individual investors risk demonstrated to be.

Cryptocurrencies should not be traded in organized markets. Because these assets are very volatile and risky for potential investors.

nabiullinaAccording to , all digital assets created to protect investors requirement and to policies it has to fit.

“A change in law is necessary for it to become legal”

Head of the Financial Policy Department of the Ministry of Finance of Russia Ivan Chebeskov same as the Central Bank Governor. in a statement during the day Russia is investigating the use of cryptocurrencies in international trade, but that such assets Laws must change for it to become legal as a property. told.

He said that the use of cryptocurrencies in international trade will help counter Western sanctions. Chebeskov He also made the following statements in his statements:

The Central Bank is not against the use of cryptocurrencies for payments… They are aware that if there are cryptocurrencies in Russia, it would be good to get rid of them.

RussiaThe bill regulating cryptocurrencies in September 2022It is expected to be presented to the legislature in .

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