Russian Central Bank Governor Elvira Nabiullina spoke against the suggestion to legalize cryptocurrency in Russia.

Interfax reports that a participant of Vladimir Putin’s meeting with business people, which took place yesterday, suggested legalizing cryptocurrency, but Elvira Nabiullina spoke against it.

“The Central Bank is against adopting Japan’s way (Japan legalized cryptocurrency in 2017, making it an official payment instrument) and essentially creating an exchange. Why? Because we can’t trace the channels. Who will use the channel? For what purpose?” said Russian Central Bank Governor.

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