Russia’s Central Bank Keeps Insisting That Crypto Is ‘Criminal

[Riya143]

Russia’s central bank argues that crypto purchases are not considered an investment.
Despite Russia recently passing its first major legislation devoted to cryptocurrencies, the country’s central bank continues to treat the industry as a criminal area.

Sergei Shvetsov, the first deputy governor at the Bank of Russia, has voiced the bank’s negative stance towards crypto investment. He compared cryptocurrency with financial pyramid schemes and roulette games. The official provided his remarks on the crypto industry during a July 28 live YouTube stream regarding Russia’s new bill on categories of retail investors.
Read More: https://cointelegraph.com/news/russias-central-bank-keeps-insisting-that-crypto-is-criminal

[Delgado]

The governments of Russia, like those of China, have a very peculiar attitude towards cryptocurrency. In Russia, they have always sought to control the actions and even the thoughts of their people. Therefore, there nikah do not want to present more financial freedom to their people. This is done only in authoritarian and despotic states. Russia is now on the issue of banning cryptocurrencies along with Bangladesh, Mozambique and other similar states.

[Astra]

Nevertheless, Russia even helped Venezuela to arrange the release of their national Petro. They did not consider it a crime. The Russian government also does not consider it a crime to use cryptocurrency to circumvent international sanctions, and to provide its people with more financial opportunities suddenly became a crime from their point of view.