The expert does not see any prerequisites for a ban on the use of cryptocurrency platforms in the Russian Federation, as in Nigeria. Viktor Dostov, chairman of the board of the Electronic Money Association, told Rossiyskaya Gazeta about this.
The expert said that there is now almost no chance of restricting Russians’ access to crypto exchanges.
According to him, there is still no legislation fully regulating cryptocurrencies in the Russian Federation, despite the discussions on this issue for many years.
“Russia does not yet have comprehensive legislation regulating the circulation of cryptocurrencies; The development process was greatly delayed. “However, the basis for sudden movements is not yet visible,” he said.
According to estimates of the Distributed Ledgers and Blockchains association, the volume of the cryptocurrency market in Russia is 150 billion dollars.
Recently, the Central Bank of Russia opposed the legalization of cryptocurrencies in the country, citing risks for the entire financial system. On the contrary, the Ministry of Finance recommends allowing citizens to buy and sell digital assets.
According to Dostov, authorities often block access to crypto exchanges in case of problems with the national currency in a country. In Nigeria, for example, the Central Bank recently introduced its own “electronic naira”, which caused discontent among citizens. He explained that in such a situation, people try to transfer money to more reliable assets such as Bitcoin.
“This is exactly the situation in Nigeria; The country has major problems with both the “classical” money circulation and the electronic naira implemented by the Central Bank. Therefore, urgent measures are being taken, including those mentioned,” Dostov concluded.
Before that the Central Bank deleted Contact from the registration of the QIWI bank payment system.
Previously all QIWI bank offices stopped work.