Russia's Central Bank report examines crypto's place in the financial system
Russia's Central Bank has released a report on digital assets which looks at how the technology could be integrated into its traditional financial system. The Central Bank of Russia (CBR) is looking at ways to integrate crypto assets and blockchain technology into its local financial system amid a pile-on of global financial sanctions.In a Telegram post by the CBR on Nov. 7, the central bank shared a public consultation report titled "Digital Assets in Russian Federation." It considers how the sanction-hit state may possibly open up its domestic market to foreign issuers of digital assets....
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Central Bank of Russia Issues Warnings About Cryptocurrencies
Russians’ growing interest in cryptocurrencies, their significant crypto investments, and the high risks associated with crypto operations create potential systemic....
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