Expert: Russians are afraid of the introduction of strict crypto-regulation

The law on so-called digital assets, which will come into force in January 2021, scares many Russians.

The desire of the authorities to introduce the strictest possible crypto-regulation makes citizens refuse to buy bitcoin and other coins. This point of view is held by Antonina Levashenko, head of the Russian Center for Competence and Analysis of OECD Standards at the Russian Academy of National Economy and Public Administration.

According to her, now, that is, before the entry into force of the law on the cryptosphere, there is no investor protection system in our country. This situation inspires mistrust to bitcoin and other coins.

In addition, fraud in this sphere also contributes negatively to the mood of even those Russians who would like to buy tokens.

However, it is no longer possible to ignore the growing influence of the industry, Levashenko stressed.

She referred to a recent report by the World Gold Council, which stated that cryptocurrency is now among the top five most popular investment instruments in Russia. Up to 17% of investors from our country have already invested in the digital currency.

Earlier it was reported that the interest of Russians in bitcoin in December has noticeably decreased. According to Google Trends, Internet users from Russia are now more interested in the New Year holidays than in cryptocurrency.