The Bank of Russia is against the use of bitcoin by financial companies
The Bank of Russia has come out against the provision of services by financial companies on operations with cryptocurrencies.
According to the regulator, the provision by financial institutions of services related to operations with cryptoassets and derivatives on such assets does not meet the interests of investors in the financial market and carries high risks.
The Central Bank also did not support the market proposal to expand the practice of issuing Russian financial instruments in foreign currency.
In November, the Central Bank opposed domestic bitcoin payments.
