The Central Bank of the Russian Federation believe that cryptocurrency exchanges are “questionable” resources and block access to them in the near future, said first Deputy Chairman of Russian Central Bank Sergey Shvetsov during the forum “Russian market of derivatives”.

“We cannot stand aside. We can’t provide a direct and easy access to such dubious instruments for the retail trade,” – said Shvetsov.

During his speech, Shvetsov added that the Central Bank sees a growing interest in cryptocurrencies because of high yield. In his opinion, bitcoin of the unit of account becomes an asset that is acquired in order to obtain high returns in a short period of time, “that is, visible signs of a financial pyramid”.

“We believe that for our citizens, for business, the use of such crypto currencies as an investment object is associated with unreasonably high risks,” – said Shevtsov.

As reported, the Central Bank of Venezuela was concerned with creating a national cryptocurrency due to the difficult economic situation in the country.

See also: Mexico legalizes bitcoin

Russia will ban access to all cryptocurrency exchanges 11.10.2017

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