Central Bank said main disadvantage of cryptocurrency

cryptocurrency cannot perform the function of the payment agent due to the high volatility of their course. This main disadvantage is called the Central Bank in the project of the main directions of the financial market digitalization at 2022-2024.

Also one of the problems is a high interest in digital assets from criminals, noted in the Bank of Russia. At the same time, the Central Bank is working to expand the functional of the digital ruble. For example, the regulator wants to test the possibility of its exchange for foreign currency. Already in 2022, the first stage of testing the platform of the digital ruble is planned, credit organizations will be connected to it. Also, the Central Bank introduces translations between individuals using a digital ruble.

Earlier, the Chairman of the Investigative Committee (SC) of Russia, Alexander Bastrykin, stated that in criminal law it is necessary to consolidate the possibility of arresting and confiscation cryptocurrency.

Such a measure will help in the fight against illegal operations, he is sure. In addition, the Prosecutor General Igor Krasov addressed the concept of “cryptocurid” to the legislation for a single law enforcement.

/Media reports.