The Central Bank of the Russian Federation supported the idea of digitalization in finance without bitcoin payments


he Bank of Russia has once again opposed the use of cryptocurrencies in settlements. This is reported by TASS with reference to the statement of the head of the Central Bank Elvira Nabiullina.

According to her, the regulator supports the development of digital financial assets and modern technologies, but they should not be limited only to cryptocurrencies.

"We have not changed our position on the fact that private cryptocurrencies — for which it is unclear who is responsible and how, which are opaque and carry great volatility risks — are not used in calculations," Nabiullina said.

At the same time, the head of the Central Bank noted that digitalization of finance can help the Russian Federation to trade with foreign partners.

Recall that the Ministry of Finance of the Russian Federation wants to allow international settlements in cryptocurrencies for any industries without restrictions. The initiative will require coordination with the Central Bank. Mosbirzha or St. Petersburg Stock Exchange can act as service centers for transactions.

Against the background of tougher sanctions, Russian companies have partially switched to settlements in cryptocurrencies, despite the lack of regulation.

By December 19, the government was instructed to prepare proposals agreed with the central bank on the development of cryptocurrencies and the digital ruble.

The roadmap should include provisions regulating the mining and circulation of digital currency in the country, as well as its use in international settlements.

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