The Central Bank of Russia plans to publish a comprehensive research report on cryptocurrencies in the near future.
According to the statements made by Ksenia Yudaeva, Deputy Governor of the Central Bank of Russia, the report will include data on the general situation of the crypto money industry in the country.
Stating that the relevant data were obtained from Russia’s “biggest banks” and local “crypto exchanges”, Yudaeva said, “We see a lot of indirect transactions, especially through big banks.” said.
According to the financial stability report released by the central bank last week, the total trading volume of citizens in Russia in the cryptocurrency market to about 350 billion rubles (~$5 billion) reached.
Cryptocurrency report with more comprehensive information in the next few weeks expected to be shared.
The Central Bank of Russia, in its report last week, said that Bitcoin and other digital currencies “not supported by anything” emphasizing that their wide-ranging use will be beneficial for local financial markets. may pose a risk stated.