{"id":53124,"date":"2021-11-18T16:02:32","date_gmt":"2021-11-18T14:02:32","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=53124"},"modified":"2025-09-03T13:29:17","modified_gmt":"2025-09-03T10:29:17","slug":"bank-of-russia-opposes-bitcoin-payments-domestically","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bank-of-russia-opposes-bitcoin-payments-domestically\/","title":{"rendered":"Bank of Russia opposes Bitcoin payments domestically"},"content":{"rendered":"<p>Russian authorities should not stimulate the spread of cryptocurrencies in the country. This, <a href=\"https:\/\/tass.ru\/ekonomika\/12960235\">reports<\/a> TASS, citing the chair of the Bank of Russia, Elvira Nabiullina.<\/p>\n<p>According to her, the regulator continues to oppose using Bitcoin as a means of payment for transactions within the country.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abWe regard cryptocurrencies as private currencies that aspire to the role of money very negatively. These cryptocurrencies are anonymous, no one is responsible for them, and, in our view, a responsible state should not stimulate their spread and crowd them out of payments\u00bb, Nabiullina stressed.<\/p>\n<\/blockquote>\n<p>The central bank, overall, sees no harm in digital currencies, except when they are used for dubious transactions.<\/p>\n<p>Nabiullina added that citizens need an alternative, and the Bank of Russia is currently developing a range of digital projects.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abI have already spoken about the digital ruble \u2014 in our view, this should be developed\u00bb, she stressed.<\/p>\n<\/blockquote>\n<p>The Russian central bank <a href=\"https:\/\/forklog.com\/en\/news\/bank-of-russia-opposes-access-by-non-qualified-investors-to-bitcoin\">remains skeptical about citizens&#8217; investments in cryptocurrencies<\/a> and insists that the ruble is the only legal means of payment in the Russian Federation.<\/p>\n<p>In September, First Deputy Chairman of the Bank of Russia, Sergei Shvetsov, announced the creation of a mechanism <a href=\"https:\/\/forklog.com\/en\/news\/bank-of-russia-proposes-curbing-bank-payments-to-bitcoin-exchanges\">to block payments to Bitcoin exchanges and exchangers<\/a> to combat \u201cemotional purchases of cryptocurrencies.\u201d<\/p>\n<p>At the same time, the regulator is betting on a national digital currency, which is at the development stage. Testing of the digital ruble will take place <a href=\"https:\/\/forklog.com\/en\/news\/bank-of-russia-names-12-banks-to-be-first-to-test-the-digital-ruble\">on the basis of 12 banks<\/a> in the first quarter of 2022.<\/p>\n<p>Follow ForkLog&#8217;s Bitcoin news on our <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Telegram<\/a> \u2014 cryptocurrency news, rates and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Russian authorities should not stimulate the spread of cryptocurrencies in the country, says the head of the Central Bank of Russia, Elvira Nabiullina.<\/p>\n","protected":false},"author":1,"featured_media":53125,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[345,1269,1165,1996,1138],"class_list":["post-53124","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bank-of-russia","tag-cryptocurrencies","tag-digital-ruble","tag-elvira-nabiullina","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/53124","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=53124"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/53124\/revisions"}],"predecessor-version":[{"id":53126,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/53124\/revisions\/53126"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/53125"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=53124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=53124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=53124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}