{"id":44361,"date":"2021-06-15T13:08:32","date_gmt":"2021-06-15T10:08:32","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=44361"},"modified":"2025-08-31T16:38:53","modified_gmt":"2025-08-31T13:38:53","slug":"bank-of-russia-opposes-use-of-unclear-bitcoin","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bank-of-russia-opposes-use-of-unclear-bitcoin\/","title":{"rendered":"Bank of Russia opposes use of ‘unclear’ Bitcoin"},"content":{"rendered":"

The head of the Bank of Russia, Elvira Nabiullina, again signalled the regulator’s scepticism toward digital currencies. The RBC reports<\/a> on this.<\/p>\n

She spoke out against using cryptocurrencies for payments between citizens.<\/p>\n

\n

\u201cWe regard the so-called cryptocurrencies with considerable restraint. They are a monetary surrogate, and we are against using cryptocurrencies \u2014 even if one would not want to call them money \u2014 for settlements within the country,\u201d Nabiullina said.<\/p>\n<\/blockquote>\n

In her words, the transnational market for digital assets is difficult to constrain at the national level. The head of the Bank of Russia stressed the inadmissibility of comparing cryptocurrencies and the digital ruble, since the latter is backed by the central bank.<\/p>\n

\n

\u201cWe need to provide citizens and businesses with convenient means of payment; technology makes this possible. But this must be done at the national level so that it is clear who bears responsibility, not private anonymous individuals who issue unclear crypto assets,\u201d Nabiullina concluded.<\/p>\n<\/blockquote>\n

Earlier in February, the head of the Bank of Russia stated that Bitcoin is not a currency<\/a>, and the rise in its price merely \u201cdemonstrates the potential volatility\u201d of cryptocurrencies.<\/p>\n

In May she acknowledged that central bank digital currencies will become the future of financial systems<\/a>.<\/p>\n

Subscribe to ForkLog News on Telegram: ForkLog Feed<\/a> \u2014 the full news feed, ForkLog<\/a> \u2014 the most important news, infographics and opinions.<\/p>\n","protected":false},"excerpt":{"rendered":"

The head of the Bank of Russia, Elvira Nabiullina, again signalled the regulator’s scepticism toward digital currencies.<\/p>\n","protected":false},"author":1,"featured_media":44362,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[345,1269,1165,1996,1138],"class_list":["post-44361","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bank-of-russia","tag-cryptocurrencies","tag-digital-ruble","tag-elvira-nabiullina","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44361","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=44361"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44361\/revisions"}],"predecessor-version":[{"id":44363,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44361\/revisions\/44363"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/44362"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=44361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=44361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=44361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}