The Central Bank of the Russian Federation doubts the prospects for the use of cryptocurrencies

• The Central Bank commented on the idea of ​​using cryptocurrencies for international payments
• Theoretically the circuitwill work, according to the Bank of Russia
• In practice, the sanctions regime is too large to bring Russian business into numbers

Cryptocurrencies can bring benefits in international payments, but only partially. Representatives of the Central Bank of the Russian Federation expressed this opinion in a commentary to Vedomosti.

It is reported that the mega-regulator allowed the theoretical benefit of such a scheme, but doubts the practicality with the condition of international sanctions.

As explained in the Bank of Russia, the traditionalthe financial system processes many times more transactions. This means that when trying to enter the cryptocurrency market, businesses and authorities may experience difficulties due to sanctions.

The Central Bank also noted that cryptocurrency exchanges around the world have strengthened “know your client” procedures to identify sanctioned persons and prevent circumvention of restrictions.

Previously, the Ministry of Finance of the Russian Federation prepareda new version of the bill “On Digital Currencies”. In the new version of the bill, the ministry, in particular, proposes to allow legal entities and individual entrepreneurs to pay with digital currencies for goods and services with foreign counterparties.

Where is it more profitable to buy cryptocurrency? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest crypto exchange in the world is Binance. The platform supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Bitget	https://bitget.com	7.8
3	Huobi	https://huobi.com	7.2
4	AAX	https://aax.com	6.9
5	Bybit	https://bybit.com	6.3

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Additional features and services— futures, options, staking, NFT marketplace.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• final grade– the average number of points for all indicators determines the place in the ranking.