The review of the potential risks of cryptocurrency investment will consider “systematic risks associated with the cryptocurrency investment of Russian individuals and entities.”
As part of the investigation, the Bank of Russia will collect Data from 15 credit organizations, including major banks such as Sberbank, VTB and Tinkoff Bank, payment systems such as Visa and Mastercard, and electronic payment providers such as Western Union, Qiwi and WebMoney.
The Bank of Russia also hopes to publish a study on equity investment by non-resident investors before October or November 2021.
As the Bank of Russia assesses the risks associated with encryption, local lawmakers and businessmen have increasingly criticized the institution’s tough stance on the encryption industry.
In mid-June, Fedot Tumusov, a member of the Russian State Duma, stated that Russian banks are short-sighted about cryptocurrencies Oleg Deripaska Blow up the central bank Put pressure on the local industry to avoid the use of cryptocurrency.
Earlier this week, the Central Bank of Russia Set up the first pilot group Used to test the digital currency digital ruble of the country’s central bank.