Bank of Russia to ‘Slow Down’ Payments to Crypto Exchanges, Curb Russians’ Im...
Central Bank of Russia is now working with commercial banks in order to delay payments made to digital asset exchanges. The move aims to limit “emotional” cryptocurrency purchases made by “unqualified” Russian investors, a CBR official revealed. The move is likely to affect peer-to-peer and over-the-counter trading platforms. Central Bank of Russia Skeptical of Cryptocurrency Investments Bank of Russia remains skeptical about the acquisition of cryptocurrencies and will not support increasing access to crypto markets for Russian investors, most of whom are not....
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The Russian central bank is planning to slow down payments to crypto exchanges and combat suspicious crypto activity. As cryptocurrency investments get more popular in Russia, the country’s central bank is actively working to curb perceived suspicious crypto activity as well as block some crypto purchases.The Bank of Russia has started working with local banks to make them halt payments to cryptocurrency exchanges in order to protect customers from “emotional” purchases of crypto.Sergey Shvetsov, the first deputy governor at the Bank of Russia, argued that the new measures aim to protect....
As some platforms freeze accounts linked to Russia and Belarus, Binance said it will not block innocent Russians’ crypto assets. As the West continues to impose more sanctions against Russian banks following Russia’s invasion of Ukraine, one Ukrainian official has called for sanctions on Russians’ cryptocurrency holdings as well.Mykhailo Fedorov, minister of digital transformation of Ukraine, took to Twitter on Sunday to urge the global cryptocurrency exchanges to block addresses of Russian users.He emphasized that exchanges should freeze not only the addresses tied to Russia and Belarus....
The Central Bank of Russia is currently reviewing various ways to prevent Russians from investing in cryptocurrency. One the options on the table is to block card payments to certain recipients such as crypto exchanges, a media report has unveiled. A recent meeting at the State Duma has indicated, however, that the authority’s hardline stance is not backed by other government institutions in Moscow.
Russia’s Central Bank Considers Mechanisms to Limit Crypto Investments
In talks with financial market participants, the Central Bank of Russia (CBR) has been....
As Russia works to “more clearly prohibit the use of cryptocurrency,” the country’s largest data center operators aren’t really worried. BitRiver, the largest cryptocurrency mining colocation services provider in Russia, is unlikely to be affected by a new crypto crackdown from the Bank of Russia, according to the firm’s CEO.On Wednesday, the Russian central bank announced that the authority has started working with local banks in order to slow down payments to cryptocurrency exchanges.Sergey Shvetsov, the first deputy governor at the Bank of Russia, reportedly said that the regulator is....
In line with its hardline stance on cryptocurrencies, the Central Bank of Russia (CBR) has issued a recommendation against the listing of securities tied to crypto assets on the country’s stock exchanges. The “preventive measure” will not affect state-issued digital currencies. Bank of Russia Worried About Common Investors’ Exposure to Crypto Derivatives Russia’s central banking institution, known as Bank of Russia, has again expressed its misgivings regarding decentralized money. Cryptocurrencies and digital assets are characterized by high volatility, lack....