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. Bank of Russia Chair Ready to Accept Cryptocurrency Payments for International Settlements Cryptocurrencies can be employed in international payments if they do not “penetrate” the financial system of the Russian Federation, according to Elvira Nabiullina, governor of the Central Bank of Russia ( CBR ). The official added that these digital assets are subject to high price fluctuations and emphasized: 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 trade