BitcoinSistemi 2025-07-04 16:26:08

The Governor of the Central Bank of Russia Speaks Clearly About Bitcoin (BTC) and Cryptocurrency Investments This Time!

Although Russia has started to ban the use of Bitcoin and cryptocurrencies in international payments, it still maintains its cautious approach. At this point, the Governor of the Central Bank of Russia, Elvira Nabiullina, made new statements regarding Bitcoin and cryptocurrencies at the “Central Bank of Russia Finance Congress” in St. Petersburg. Accordingly, the head of the Central Bank of Russia announced that he does not plan to include Bitcoin or other cryptocurrencies as reserve assets. Elvira Nabiullina stated that due to the volatility and risks of cryptocurrencies, she does not consider including them in the reserve and keeping them. “When we consider our attitude towards Bitcoin and cryptocurrencies as risky and volatile assets, we, as a central bank, absolutely do not consider investing in them. Because cryptocurrencies are quite volatile and risky. We continue to oppose the use of cryptocurrencies in payments within the country. We say 'yes' for foreign economic activity, and 'yes' for qualified investors, especially as an investment target. In other words, we are not against their use in foreign economic activities, especially those that are considered investment vehicles. However, we are still against using them as a means of payment.” At this point, Russia continues to oppose the use of cryptocurrencies, which are not yet properly regulated, as a means of payment domestically, while only allowing qualified investors to hold cryptocurrencies for investment purposes and cross-border exchange users to access them. *This is not investment advice. Continue Reading: The Governor of the Central Bank of Russia Speaks Clearly About Bitcoin (BTC) and Cryptocurrency Investments This Time!

Related News

DEX Trading Volumes Explode – Are CEXes Losing The...
05 Jul 2025
FOMO Frenzy: XYZVerse Presale Explodes 3,333% With...
05 Jul 2025
Bitcoin References in Popular Culture Suggest Grow...
05 Jul 2025
Drake mentions Bitcoin in new song 'What Did I Mis...
05 Jul 2025
Bitcoin Pushes for $110K While XYZVerse Presale Cr...
05 Jul 2025
Ethereum Accumulation Hits Record Highs Amid Risin...
05 Jul 2025

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.

The Governor of the Central Bank of Russia Speaks Clearly About Bitcoin (BTC) and Cryptocurrency Investments This Time!

Most Read News

Related News