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The head of the Central Bank, Elvira Nabiullina, believes that the concept of the Ministry of Finance to regulate the cryptocurrency market does not eliminate the existing risks. Moreover, the head of the regulator claims, the implementation of this concept may lead to new threats. Writes about this “Kommersant”.
The Central Bank sent to the government its position regarding the approved concept of cryptocurrency regulation.
Nabiullina explained that the main argument cited by the regulator is that the approaches proposed by the government “do not yet allow us to mitigate the risks that we see.” At the same time, they create a new threat, Nabiullina stressed.
She added that the risks of cryptocurrencies are reminiscent of the risks of foreign currency mortgages. The expansion of such a market may provoke a new round of development of illegal operations.
Recall that recently the government published a concept for the regulation of cryptocurrencies. According to it, cryptocurrency users will be divided into qualified and unqualified investors.
The Ministry of Finance believes that conducting transactions through banks will ensure proper control over such transactions and the identification of all participants.
Source: Rosbalt
Tristin is an accomplished author and journalist, known for his in-depth and engaging writing on sports. He currently works as a writer at 247 News Agency, where he has established himself as a respected voice in the sports industry.
