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The Central Bank is Against the Legalization of Natural and Virtual Private Currencies
11.10.2017 18:28
The Central Bank is Against the Legalization of Natural and Virtual Private Currencies

The Central Bank is dead against the legalization of both natural and virtual private currencies in Russia. This was announced by the Chairman of the Bank of Russia Elvira Nabiullina on Thursday, October 5.

      According to her, the approaches to the regulation of this sphere are now being discussed in the Government and the State Duma.”Crypto-currencies are private digital currencies. And we are dead against the legalization of private money” - Nabiullina said. She stressed the permanent position of the regulator in relation to digital means of payment. “We do not support the legalization of the use of crypto-currencies as a legal means of payment” – the Head of the Central Bank stated. However, the regulator is studying the prospects of application of the blockchain technology” – Nabiullina concluded


Author: Anna Dorozhkina


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