The Central Bank of the Russian Federation prohibits exchanges from trading shares of crypto companies

Shares of companies representing the cryptocurrency industry should not be traded on Russian stock exchanges.sites. The Bank of Russia made such a recommendation for exchanges.

The regulator’s press center emphasized that it is impossibleto allow our investors to invest in the securities of companies whose financial performance directly depends on the exchange rate of digital currencies. Obviously, the ruble is the best asset in the opinion of the Central Bank, while throughout its history the ruble has been steadily moving in one direction — down.

In parallel, the Central Bank called on companiesAsset managers should not include cryptocurrency instruments in their portfolio. Brokers should refrain from dealing with such assets. The regulator once again pointed out the volatility of Bitcoin and other cryptocurrencies.

The Central Bank also reminded that such instruments cannot be controlled. Investing in digital asset oriented products carries great risks for companies and individuals.

The central bank noted:

«Recommendations are a preventive measure aimed at preventing mass investors from accessing such instruments».

However, the recommendations do not apply todigital currencies of central banks (CBDC), which no one actually doubted. The same applies to those virtual assets whose issuers fully comply with Russian legislation, the Central Bank emphasized.

Note that the head of the Central Bank Elvira Nabiullinahas previously repeatedly criticized cryptocurrencies. In her opinion, such instruments cannot be called full-fledged money. Another thing is the Russian ruble — a stronghold of reliability and the most reliable investment!

Where is it more profitable to buy bitcoin? 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 cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and 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	Bybit	https://bybit.com	7.5
3	OKEx	https://okex.com	7.1
4	Exmo	https://exmo.me	6.9
5	Huobi	https://huobi.com	6.5

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.
• 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.
• Platform Features– availability of additional features — futures, options, staking, etc.
• final grade– the average number of points for all indicators determines the place in the ranking.

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