Experts found inconsistencies in the Central Bank's ban on cryptocurrencies

If Russia will still approve the bills of the Central Bank mentioned in the media, suggesting a complete ban on the cryptocurrency market and the introduction of fines for disobedience, cryptoinvestors will have to leave the country. Such opinion was shared with journalists by experts.

The first thing that lawyer Andrei Tugarin decided to focus on relates to the controversial wording spread in the Russian media. They say that the Central Bank has the right to draft corresponding laws, but in fact, the regulator has no such right. The lawyer said that the laws are worked out by the State Duma and the Bank of Russia can only make a suggestion.

In addition, the media, talking about the forthcoming projects, reports about the prohibition of so-called private digital currencies. And here Tugarin and colleagues had questions, because Russian law does not divide digital currencies into any types.

According to the lawyer, the confusing and imprecise wording is due to the Central Bank's attempts to do everything to ward off possible risks of the digital ruble, which is gradually being brought to the launch. However, a number of questions arise here as well because the digital ruble does not relate to crypto in any way, respectively, the norms of regulation and its format should be different.
Röportaj

18-02-2022

Mitchell Adams

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