{"id":54888,"date":"2021-12-17T15:55:15","date_gmt":"2021-12-17T13:55:15","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=54888"},"modified":"2025-09-03T22:38:27","modified_gmt":"2025-09-03T19:38:27","slug":"nabiullina-the-central-bank-does-not-back-investments-in-cryptocurrencies-due-to-their-opacity-and-volatility","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/nabiullina-the-central-bank-does-not-back-investments-in-cryptocurrencies-due-to-their-opacity-and-volatility\/","title":{"rendered":"Nabiullina: The central bank does not back investments in cryptocurrencies due to their opacity and volatility"},"content":{"rendered":"<p>Central Bank head Elvira Nabiullina, at a <a href=\\\"https:\/\/www.youtube.com\/watch?v=rJH39aUACsw&#038;ab_channel=%D0%91%D0%B0%D0%BD%D0%BA%D0%A0%D0%BE%D1%81%D1%81%D0%B8%D0%B8\\\">\u043f\u0440\u0435\u0441\u0441-\u043a\u043e\u043d\u0444\u0435\u0440\u0435\u043d\u0446\u0438\u0438<\/a>, again expressed a skeptical view of cryptocurrencies due to risks for retail investors.<\/p>\n<p>\\n\\n<\/p>\n<p>In her words, crypto assets are \\&#8221;very opaque\\&#8221;, are often used in illicit operations, and their price is too volatile.<\/p>\n<p>\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\\&#8221;We advocate that the Russian financial infrastructure not be used for transactions with cryptocurrencies. This can be implemented quite easily,\\&#8221; Nabiullina said.<\/p>\n<\/blockquote>\n<p>\\n\\n<\/p>\n<div class=\\\"wp-block-text-wrappers-update-2 article_update\\\"><time class=\\\"gtb_text-wrappers_update_time\\\">December 17, 2021 | 17:19<\/time><span class=\\\"gtb_text-wrappers_update_head\\\">Update: <\/span>\\n<\/p>\n<p>In light of the central bank&#8217;s latest rhetoric regarding cryptocurrencies, BitNalog&#8217;s CEO Dmitry Machikhin invited Elvira Nabiullina to a debate.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<figure class=\\\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\\\">\n<div class=\\\"wp-block-embed__wrapper\\\">\\nhttps:\/\/www.youtube.com\/watch?app=desktop&#038;fbclid=IwAR2TvmFJ7ALHKnz3RsI_dgCMcOozMMYPecc1KPdjLie6bib5IPNYR5jtDng&#038;v=i3sfrOEQI7g&#038;feature=youtu.be#menu&#038;ab_channel=DmitryMachikhin\\n<\/div>\n<\/figure>\n<p>\\n<\/p><\/div>\n<p>\\n\\n<\/p>\n<p>Earlier media, citing sources at the Bank of Russia, reported plans by the regulator <a href=\"https:\/\/forklog.com\/en\/news\/media-reports-on-plans-by-russias-central-bank-to-ban-investments-in-cryptocurrencies\">to ban investments in cryptocurrencies<\/a>.<\/p>\n<p>\\n\\n<\/p>\n<p>Head of the State Duma Committee on the Financial Market Anatoly Aksakov said that Russian <a href=\"https:\/\/forklog.com\/en\/news\/aksakov-russian-authorities-discuss-a-full-ban-on-cryptocurrency-purchases\">authorities are discussing various options for regulating the industry<\/a> \u2014 from bans on ownership and purchase of crypto assets to the legalization of Bitcoin exchanges.<\/p>\n<p>\\n\\n<\/p>\n<p>Experts told ForkLog what such restrictions on cryptocurrency investments in Russia may entail:<\/p>\n<p>\\n\\n<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news in our <a href=\\\"\/\/telegram.me\/forklog\\\" target=\\\"\u201c_blank\u201d\\\" rel=\\\"\u201cnofollow\u201d noopener\\\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The head of the Russian central bank Elvira Nabiullina at a press conference once again expressed a skeptical attitude toward cryptocurrencies due to risks for retail investors.<\/p>\n","protected":false},"author":1,"featured_media":54889,"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":[345,1451,1996,1138],"class_list":["post-54888","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bank-of-russia","tag-bitcoin-regulation-in-russia","tag-elvira-nabiullina","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"27","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/54888","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=54888"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/54888\/revisions"}],"predecessor-version":[{"id":54890,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/54888\/revisions\/54890"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/54889"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=54888"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=54888"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=54888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}