She said this during a press conference following a meeting of the Board of Directors of the Central Bank.

According to her, the Bank of Russia sent its position on the concept of the Ministry of Finance to the government.

“The main conclusion is that the approaches proposed by the government do not yet allow leveling the risks that we see, but at the same time create a new threat,” Nabiullina is quoted by TASS.

On January 21, the Central Bank announced possible measures to tighten regulation of the cryptocurrency market in Russia. 

On January 25, Ivan Chebeskov, director of the financial policy department of the Ministry of Finance, opposed the proposed ban on cryptocurrencies in the country by the Central Bank.

He noted that he considers it necessary to introduce regulation of the digital asset market.

Rosfinmonitoring supported the position of the Ministry of Finance.

Deputy Chairman of the Security Council of Russia Dmitry Medvedev said that there are reasons in the position of the Central Bank of Russia on restrictions on the circulation of cryptocurrencies in the country, but often the bans lead to the opposite of the planned result,

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