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Cryptocurrency use in illicit activities in the Russian Federation.......................................................... 23 3.4. Other cryptocurrency risks............................................................................................................................................24 4. Cryptocurrency regulation............................................................................................. 25 4.1. Trends in cryptocurrency

Report. 1 Crypto Asset Market: Russia in 2020. The 2020 Geography of Cryptocurrency Report. 2 For comparison, Russian household investments in foreign securities amounted to

firmly believe that Russia’s financial infrastructure should not be used for cryptocurrency transactions. It is totally possible to prohibit this. QUESTION from Fomag.ru:

units more often, as well as the highest risk instruments, such as cryptocurrency, over-the-counter derivatives, and forex instruments. Young people are more interested in foreign

shadow businesses (illegal online casinos, pyramid scams, illegal forex dealers and online cryptocurrency exchange services). The list of criteria is included in the Bank of

cryptocurrencies and cryptoassets, as well as prices of cryptoderivatives and securities of cryptocurrency funds. This follows from the Bank of Russia’s information letter. Management

Market Report, 2019. 5 In this document, stablecoins mean a type of cryptocurrency with built-in mechanisms for stabilising its exchange rate against other assets or

the investment advisers. QUESTION from Bloomberg: My question is about bitcoin. The cryptocurrency reached all-time highs over its recognition by major companies, banks and payment

was recorded an increase in the number of websites and platforms offering earnings from cryptocurrency transactions and all types of services in the cryptocurrency market.

and terms used in that field (in- ment. cluding such terms as ‘cryptocurrency’, ‘token’, ‘smart The concept of faster payments platform was pre- contract’), taking