Russia's Central Bank Cracks Down on Misleading Crypto Sales

The Bank of Russia is taking steps to strengthen its control over the sale of cryptocurrencies and other digital assets. Deputy Chairman Mikhail Mamuta stated that the main risk for regulators is misleading information, where individuals are shown only the attractive side of investments while downplaying volatility, technical threats, and lack of familiar guarantees.

The regulator's task is not just to allow access to individual assets but to ensure that banks and brokers honestly explain to clients what they are dealing with. Bitcoin, Ethereum, and other blockchain-based instruments are not like bank deposits: there is no guaranteed return, and the market risk fully rests with the investor.

The Central Bank has outlined a list of assets that may enter public platforms, including the largest representatives of the market: Bitcoin (BTC), Ethereum (ETH), and stablecoin Tether (USDT). The regulator focused on parameters such as market capitalization, average daily trading volume, and price history to assess the maturity and stability of each asset.