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Crypto Payments Possible if They Don’t Penetrate Russia’s Financial System, Central Bank Says

Cryptocurrencies can be used for international payments if they don’t penetrate the Russian financial system, the head of Bank of Russia has stated. The governor also insisted that the digital assets should not be traded on platforms operating inside the country.

Cryptocurrency should not be traded on organized marketplaces because this asset is too volatile, too risky for potential investors.

Quoted by RBC Crypto, the banker said that digital coins listed on Russian exchanges must be compliant with all regulations designed to protect investors. Hence, the projects behind the traded assets should have a prospectus, a responsible person, and meet information disclosure requirements.

Do you think Russia will employ cryptocurrencies for international payments? Share your expectations in the comments section below.


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