Bank of Russia adds cryptocurrencies to financial market risk list
- —The Central Bank sees a risk of total loss of funds when investing in digital currencies
- —Stablecoins are named a threat as a substitute for the national currency
- —Rosfinmonitoring has been granted the right to monitor all crypto transactions
- —Opening an account with a digital depository will require providing an INN
Why it matters: Tighter controls and criminal liability for illegal crypto circulation in Russia reduce market accessibility for users and exchanges.
Source: Bits.media