The head of the Central Bank said that will not allow the emergence of cryptocurrencies on the market.
This statement was made by the head of the Central Bank Elvira Nabiullina at the Moscow economic forum.
The head of the Central Bank expressed concern that the legalization of cryptocurrency could undermine monetary circulation in the country. Public excitement around them, it was called “gold fever,” noting that interest in them is caused just because of easy and easy earnings. The anonymity that is provided by the cryptocurrency facilitates the financing of terrorism and laundering the proceeds.
“Using cryptocurrencies as money substitutes is actively offered for payment for goods and services. In our view, this has the potential to undermine monetary circulation, and of course, we are using cryptocurrencies as money substitutes to prevent will not” — quoted Nabiullina TASS.
Earlier, the Central Bank issued a statement that warned citizens against the use of cryptocurrencies and other related financial instruments, such as ICO. The regulator considers that the main risks associated with cryptocurrencies and. ICO anonymity and lack of regulation by any state. The format of the release of the digital currency threat, because in this case the Contracting parties are vulnerable and can be involved in the criminal scheme. So the statement Elvira Nabiullina has sounded for a continuation of the old songs.
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