The Bank of Russia spoke out against criminal liability for operations with cryptocurrencies

The head of the Bank of Russia Elvira Nabiullina over the past few years has expressed a negative attitude towards bitcoin and the cryptocurrency market in general.
According to the Central Bank, the use of BTC as a means of payment should not be allowed. At the same time, the regulator does not rule out that at the global level the use of cryptocurrency is possible to circumvent the sanctions regime.
First Deputy Chairman of the Central Bank Sergei Shvetsov spoke this week at the Russian Financial Market Forum and confirmed the regulator’s negative attitude towards the innovative tool. However, he said that there is no need to introduce criminal liability for operations with BTC.

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