The Russian Central Bank lists cryptocurrency as a financial market risk and advocates holding violators legally responsible

The Russian Central Bank listed cryptocurrency as a financial market risk in its review of the main development directions of the Russian financial market in 2027 and 2028-2029, and pointed out that digital currencies have loss risks and lack guarantees. The central bank believes that the circulation of cryptocurrencies reduces the effectiveness of national restrictions and advocates for criminal accountability for unauthorized organizations of digital currency circulation, as well as administrative accountability for illegal market participants. (Source: Bits. media)