Bank of Russia recommends exchanges not to list shares of crypto companies

The new recommendations of the Bank of Russia do not apply to digital currencies of central banks and tolicensed digital assets issued in Russia.

The Bank issued an information letter in whichrecommends that local exchanges do not contact local or foreign companies that provide crypto services. In addition, the Bank of Russia recommends that all asset managers refuse to work with cryptocurrencies. 

The statement states:

Bank recommendations – these are preventive measures.They are aimed at preventing investors from starting to massively use financial instruments related to cryptocurrencies, as they carry serious risks of losing funds.

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