The Bank of Russia can not regulate bitcoin itself , according to deputy chair Sergei Skorobogatov . Rather , it is a private enterprise , and the central bank should try to ensure that the use of the cryptocurrency does not weaken the ruble through the construction of a regulatory framework .
The Bank of Russia cannot prohibit bitcoin use, according to deputy chair Olga Skorobogatov. Rather, it is a private currency, and the central bank should work to establish that the use of the cryptocurrency does not weaken the ruble through the construction of a regulatory framework.