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Central Bank: Western countries may block cryptotransactions of Russian companies

As First Deputy Chairman of the Central Bank Olga Skorobogatova said, there are cases when authorities of unfriendly countries may block cryptocurrency operations of Russian businesses.

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Skorobogatova noted that the Central Bank does not like the possibility of loss of funds by Russian companies when using digital assets for international payments. However, such operations are possible under experimental legal regimes.<br

“We see how, from the perspective of unfriendly countries, even payments in cryptocurrencies are not only monitored, many payments are blocked,” the first deputy chairman of the Central Bank of Russia told during the St. Petersburg International Economic Forum.

Earlier, Anatoly Aksakov, chairman of the State Duma Committee on Financial Markets, said that all four bills concerning mining, experimental-legal regimes (EPR) and taxation of transactions with digital currencies were suspended. This decision is due to the need to discuss the risks.<br