Central Bank of Russia Is Against Free Crypto Trading in Russia

April 5, 2018

First Deputy Governor at Central Bank of Russia Olga Skorobogatova has said that the bank will never tolerate the free exchange of cryptocurrency in Russia, as it poses risks to citizens of the country.

She said, that the bank sees huge risks in the use of private digital currencies as means of payment. Skorobogatova also believes that cryptocurrency is indeed a tool for criminals, who want to launder money or organize fraudulent schemes. 

She also noted, that several countries, that previously gave the green light to cryptocurrency has started to implement more strict regulation rules in this industry.


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