Bank of Russia proposes curbing bank payments to Bitcoin exchanges
The Bank of Russia, together with credit institutions, will create a mechanism to block payments to cryptocurrency exchanges and exchangers. This, according to the Bank of Russia’s first deputy chairman Sergei Shvetsov, writes RIA Novosti.
Thus, the regulator plans to combat ’emotional purchases of cryptocurrencies’.
Shvetsov noted that the central bank does not protect such investments, and the custody of digital currencies carries a number of risks.
“We are starting to work with the banking system to slow payments to exchange points and crypto exchanges, fencing off opportunities for emotional purchases of such products,” he added.
According to Sergei Shvetsov, the Bank of Russia is also considering legislative changes to “more clearly prohibit” the use of cryptocurrency and to introduce administrative and criminal liability.
Earlier, the Bank of Russia blocking cards and accounts for transactions with Bitcoin exchangers.
Lawyers for ForkLog assessed the threat posed by new regulatory measures.
Subscribe to ForkLog’s news on Telegram: ForkLog Feed — the full feed of news, ForkLog — the most important news, infographics and opinions.
Рассылки ForkLog: держите руку на пульсе биткоин-индустрии!