The governor of Russia's central bank recommends banning cryptocurrencies from participating in domestic settlements "
On April 6, when Russian Central Bank Governor Elvira Nabiullina spoke at the State Duma on April 3, she once again emphasized that the use of cryptocurrencies in the domestic economy should be restricted and advocated stricter penalties for violations of the ban. Nabiullina is an important ally of Russian President Vladimir Putin and currently leads the Russian Central Bank's sovereign digital currency (digital ruble) project. She pointed out that although the central bank supports exploring cross-border applications of crypto assets within the framework of a specific "regulatory sandbox", it firmly opposes its penetration into the domestic monetary system and settlement activities.
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