The head of the Central Bank, Elvira Nabiullina, said that the Ministry of Finance’s cryptocurrency regulation concept does not eliminate existing risks, while leaving room for new threats. She announced this at a press conference, TASS reports.

“We sent our position on the concept of the Ministry of Finance to the government, and the main conclusion is that the approaches proposed by the government do not yet allow leveling the risks that we see, but at the same time create a new threat,” she said.

Earlier, the Russian government approved the "Concept of legislative regulation of the mechanisms for organizing the circulation of digital currencies", according to which the circulation of cryptocurrencies will be regulated by the state with a "focus on protecting the rights of ordinary investors." This was reported by the press service of the Cabinet of Ministers of the Russian Federation.

It is noted that various departments participated in the discussion of regulatory measures: the Ministry of Finance, the Bank of Russia, Rosfinmonitoring, the FSB, the Ministry of Internal Affairs, the Federal Tax Service, the Ministry of Economic Development and the Prosecutor General's Office.

The document provides for the introduction of "hard obligations" for all participants in the professional market.

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