Deputy Chairman of the Central Bank of the Russian Federation Alexey Zabotkin: crypto assets have no properties of money

Deputy Head of the Central Bank of the Russian Federation Alexei Zabotkin emphasized that digital assets do not have the properties of fiat funds and cannot be a full-fledged means of savings. A negative factor for investors remains the high volatility of the rates of such currencies, which does not allow predicting price movements and organizing their release.

Speaking about the issuance of national cryptocurrencies by central banks, Alexey Zabotkin emphasized that the electronic form can only become an addition to existing money, although he noted that the central bank, for its part, will ensure the stability of the state cryptocurrency if it is launched. Recall that last year the head of the regulator Elvira Nabiullina noted that there was no need to integrate the digital ruble into the financial system due to multiple risks.