ARB: "Russian banks can easily control the turnover of cryptocurrencies" – Bits Media

According to the President of the Association of Russian Banks Garegin Tosunyan, For financial organizations in Russia, there will be no problem tracking transactions with cryptocurrencies.

According to Izvestia newspaper with reference to Tosunyan, Russian banks will be able to control the turnover of cryptocurrencies - for them it should not be a problem to monitor as transactions, and for converting and calculations, related to digital assets. For this, however, will have to be finalized by information systems of banks. Refund costs, most likely, will be assigned to cryptocurrency users using commissions and other tools. For refinement with the largest participants in the banking system, several months can take.

“The segment of digital currencies is highly risk and a detailed analysis is needed. There is no clear understanding at the moment, how to track operations of this kind, and each organization will develop measures to control independently. At the same time, the introduction of new functionality will take from six months to a year ", - said the head of the Department of Financial Monitoring of Zenit Bank Lyudmila Sokolova.

At the same time, the volume of improvements of internal systems for the exchange of cryptocurrencies for fiat money will be extremely small - the process almost completely corresponds to exchange activities, Therefore, banking systems are ready for this. But, According to the chairman of the board of the Bank "Power" Alexei Skorodumov, with a system for checking the legality of the origin of cryptocurrencies, much more questions. Banks have no such systems yet.

According to the leading strategist of the Exante investment company, Janis Kivikulis, The regulation of cryptocurrencies in the country and control over the turnover of digital assets by banks will help make the market more transparent and simplify the access of investors to this class of assets. Still blocking transactions, associated with cryptocurrencies, It is found quite often, which stimulates investors to use shadow services and payment systems, as well as unregistered exchangers.

Unfortunately, There is no clarity with the regulation of cryptocurrencies in Russia. The Central Bank of the Russian Federation insists on the ban on digital assets in the country, And the Ministry of Finance offers to regulate them. 15 February took place between the Minister of Finance Anton Siluanov, Head of the Central Bank Elvira Nabiullina and Deputy Prime Minister Dmitry Grigorenko. However, the compromise at the meeting could not be achieved.