The Central Bank of Russia has scheduled a risk assessment of cryptocurrencies such as Bitcoin (BTC), according to the Bank of Russia verification program for the second half of 2021.

The study of the potential risks of investing in cryptocurrencies will allow to assess the “systemic risks associated with investments in cryptocurrencies by Russian individuals and legal entities.”

As part of the investigation, the Bank of Russia will collect data from 15 credit institutions, including large banks such as Sberbank, VTB, Tinkoff Bank, payment systems such as Visa and Mastercard, and electronic payment providers such as Western Union, Qiwi and WebMoney. … …

The Bank of Russia also wants to publish a study on equity investment by non-resident investors by October or November 2021.

The Bank of Russia’s assessment of crypto-related risks comes amid growing criticism from domestic lawmakers and businessmen about the bank’s tough stance on the cryptocurrency industry.

On the subject: The heads of Russia’s largest banks, Sberbank and VTB, are blowing up Bitcoin

In mid-June, the Russian State Duma Fedot Tomosov announced that the Bank of Russia had short-term commitments to cryptocurrency, while industrialist Oleg Deripaska blew up the central bank to pressure the domestic industry not to use cryptocurrency.

Earlier this week, the Bank of Russia created the first experimental group to test the country’s central bank digital currency, the digital ruble.

Source: CoinTelegraph

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