The Central Bank recommended that banks reduce activities related to digital currencies
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The Bank of Russia has developed recommendations for financial organizations related to digital currencies. In particular, the regulator does not recommend advertising services for their turnover. In addition, banks are recommended to identify transactions involving the purchase or sale of digital currencies using dummy accounts.
“The recommendations do not apply to digital currencies of central banks, and also do not apply to digital rights issued in accordance with Russian legislation,” the statement emphasizes. recommendations Central Bank.
The regulator also recommended that operators not provide services for the issuance and circulation of digital assets, the profitability of which depends on the cost of digital currencies and similar indicators. As indicated in the message of the Bank of Russia, in 2021 the Central Bank has already published similar recommendations.
In August 2023, a law came into force in Russia, according to which the country began piloting a digital ruble. The Bank of Russia reported that 13 banks are initially testing a new type of national currency.
More details in the text “Kommersant” “Ruble on the first line”.
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