The issue of a total ban on Russians’ investments in digital assets needs to be reconsidered. This proposal was made by the National Financial Association (NFA), writes “Prime”.
In its appeal, the organization refers to the strategy for the development of the financial market of the Russian Federation until 2030, according to which the government of the Russian Federation and the Bank of Russia plan to oppose the use of monetary surrogates due to the high risks for citizens.
At the same time, the NFA recalled that the current investments of Russians in cryptocurrencies are estimated at significant amounts, and foreign companies and unregistered intermediaries receive income from transactions.
The organization’s representatives recommended allowing Russian investors to work with digital financial assets, including cryptocurrencies, through domestic professional market participants without physical delivery. For qualified investors, the NFA proposed to create collective investment instruments, for example, exchange-traded mutual funds based on cryptocurrencies.
Recall that at the end of 2021, the head of the Central Bank of the Russian Federation Elvira Nabiullina said that the regulator does not support investments in cryptocurrencies due to their opacity and volatility.
Earlier, the media, citing sources at the Bank of Russia, reported on the regulator’s plans to ban investments in cryptocurrencies.
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