Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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Nabiullina: We believe cryptocurrencies are an unstable instrument
2025-03-21 12:46:09

Odaily News Elvira Nabiullina, governor of the Central Bank of Russia, said the central bank considers cryptocurrencies to be unstable financial instruments. She reiterated Russia's concerns about the risks of crypto assets, pointing out that their high volatility makes them difficult to be widely adopted as a means of payment or storage of value. (Reuters)