Russian Central Bank Governor suggests banning cryptocurrency participation
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2025-04-06 17:02 293
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On April 6, when speaking in the State Duma on April 3, Russian Central Bank Governor Elvira Nabiullina once again emphasized that the use of cryptocurrencies should be restricted in the domestic economy and advocated stricter penalties for violations of the ban. Nabiullina is an important ally of Russian President Vladimir Putin, who currently leads the Russian Central Bank's sovereign digital currency (digital ruble) project. She pointed out that although the central bank supports exploring cross-border applications of crypto assets under the specific "regulatory sandbox" framework, it firmly opposes its infiltration into its own monetary system and settlement activities.