Bank of Russia promises to introduce new restrictions for the cryptosphere

by in Cryptocurrency News

Bank of Russia

The Bank of Russia management is considering options for introducing new restrictions on cryptocurrency holders.

According to the head of the Central Bank Elvira Nabiullina, who already has a negative attitude towards bitcoin, the regulator wants to achieve a ban on the use of the state's financial infrastructure for transactions with digital assets in the domestic market.

The chairman of the Central Bank spoke at a press conference today and said that the authorities have the technical capabilities to implement new restrictive measures. Cryptocurrencies pose threats to financial stability. Such tools are used by criminal structures, and the authorities of the Russian Federation need to protect citizens from them.

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Elvira Nabiullina confirmed her critical attitude towards both bitcoin and the cryptosphere, in general, and expressed her readiness to maintain the strict policy of the regulator concerning this market segment.

The day before, it became known about the plans of the Russian authorities to prohibit all types of investments in cryptocurrency within the country. Reuters found out that the Bank of Russia is currently negotiating with business and the expert community to agree on a mechanism for new restrictions.