K.Yudaeva pointed to the increased risks of Russians investing in digital currencies

AK&M 25 November 2021 19:15

Currently, the risks of Russians investing in digital currencies are growing. This was stated by the first deputy chairman of the Bank of Russia Ksenia Yudaeva at a press conference, according to a transcript posted on the website of the Central Bank.

According to indirect estimates, Russian investors are among the most active in the digital currency market. At the same time, digital currencies are unsecured money surrogates, investments in them can be completely lost as a result of volatility, and as a result of fraudulent actions and cyber threats, K. stressed.Yudaeva.

According to her, the stability of the so-called stablecoins also raises big questions. Often the level of their security is often far from sufficient, they are also subject to fraud risks.