Elvira Nabiullina, the RF Central Bank: cryptocurrency fever ends

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The head of the Bank of Russia believes that digital money has become the norm of the modern world

Cryptocurrency fever in Russia is over, says the head of the Central Bank Elvira Nabiullina. During the forum, innovative technologies Finopolis she told how the industry is developing blockchain technology, reports TASS.

“… cryptocurrency fever, fortunately, in our view, begins to wane,” — said Nabiullina.

She stressed that modern financial technologies are becoming the norm. The Bank of Russia it is important to find a balance between control of the market of digital money, not to prevent its development and to develop regulation together with business.

“Digital Finance — the world is not advanced user. This is the world of mass consumer. We must pass between Scylla and Charybdis: on the one hand not to strangle financial technologies in a tender embrace regulation, on the other hand, not to miss the risks that can create problems for citizens and for business”, — said the head of the Central Bank.

One of the main problems of the market of financial technologies — the need for major investment and low skills, said Nabiullina. It is not told how to correct this situation.

More news on cryptocurrency can be found in our telegram channel RBC-Crypto.

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