Russian National Finance Association (NFA) Calls for Legalization of Crypto Investments

The Russian National Finance Association (NFA) has called for the replacement of the part of the country’s financial strategy, which will be valid until 2030, regarding crypto money investments.

operating in the financial market of Russia NFA, which brings together more than 200 organizationswill be valid until 2030. “The Strategy for Development of the Financial Market of the Russian Federation” in the offer to amend the section on investments in cryptocurrencies called for.

The Russian government and the Central Bank of RussiaIn the proposal, which includes that it will continue to oppose the use of bitcoin (BTC) and decentralized digital currencies, it was stated that digital assets carry high risk for citizens and can prevent the implementation of macroeconomic policies aimed at creating favorable economic conditions.

The NFA remains unclear on the operations carried out by the government on cryptoassets, despite the significant Russian investments in cryptocurrencies.in the gray zone“He said he was staying.

To the Russian Association for Cryptoeconomics, Artificial Intelligence and Blockchain (Racib) According to Russia, at least 17.3 million The person has a crypto wallet. December Chairman of the Financial Market Committee of the State Duma, the lower house of the Federal Assembly of the Russian Federation Anatoly Aksakov, the total number of Russian citizens to crypto so far 5 trillion rubles (over $67 billion) announced its investment.

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