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Bank Of Russia To Allow Crypto Investments Via Foreign Firms

Twitter icon  •  Published 2 years ago  •  Hassan Maishera

The deputy governor of the Bank of Russia said Russians can only invest in cryptocurrencies via foreign companies

A report earlier this week by the state-owned publication TASS cited Bank of Russia’s deputy governor Vladimir Chistyukhin stating that Russians can only invest in cryptocurrencies like Bitcoin via foreign companies. 

The deputy governor said, “Russian citizens and businesses have the right to acquire and hold cryptocurrency, but not through the domestic infrastructure or intermediaries.”

He added that the government is working to provide more regulatory clarity on the cryptocurrency industry. The BoR official said Russian authorities will be considering legal initiatives regarding cryptocurrencies.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.