The Bank of Russia to date does not assess the cryptocurrency as a means of payment, but may return to this issue in the future. This was during the St. Petersburg international economic forum (SPIEF) said the first Deputy Chairman of the Central Bank Olga Skorobogatova.
In its opinion, the consideration of this issue at the legislative level is premature because of the high risk:
“But this does not mean that after some time, when we understand that the technology, the understanding and real business cases proved the applicability of that we will not return and will not make any changes in this part.”
We will remind, earlier in the same event (SPIEF), President of the Central Bank Elvira Nabiullina said that the cryptocurrency is a little similar to money:
“The whole world is trying to understand what it is. Few people define it as the Fiat currency or something like a Fiat currency. Whether it is an asset, whether it is property, whether it’s rights – such disputes are because this phenomenon is not well understood”.
Cryptocurrency and ICO are not regulated in Russia, but in the state Duma corresponding bills. This week they were adopted in the first reading. The Ministry of Finance of the Russian Federation believe that Russia is the largest market ICO, and that he had not gone to other jurisdictions, are encouraged to avoid tight regulation.