The Central Bank of Russia (CBR) has proposed strengthening responsibility for the use of cryptocurrencies in the country. The head of the Central Bank, Elvira Nabiullina, believes that cryptocurrencies should not penetrate into domestic monetary circulation. At a meeting of the State Duma, she noted that the regulator is ready to allow investments in them, but only for "highly qualified" investors within the framework of an experimental legal regime (EPR).
Nabiullina explained that only those who meet strict criteria can be allowed to invest in cryptocurrency. Restrictions are needed to protect mass investors from the high risks associated with their volatility.
The regulator has a positive attitude towards the use of cryptocurrencies in foreign economic activity; several projects in this area are planned to be launched in 2025. State Duma deputies are also showing active interest in the topic of cryptocurrencies, which indicates a growing attention to this issue from the public.
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