The lawyer explained the risks of the cryptocurrency market for Russians

The cryptocurrency market remains high-risk due to volatility and the lack of a unified legal framework. Olga Zakharova, director of PLAN B's legal department, told Izvestia on October 4. According to her, the current lack of clear regulatory rules and unified approaches to regulation poses serious threats to the banking system.

"The regulator has already developed a concept for supervisory stress testing of financial institutions, which will become mandatory for all systemically important banks starting in 2028. The test results will help identify vulnerabilities and encourage the accumulation of sufficient reserves," she says.

Zakharova also noted that the Central Bank is already studying citizens' investments in digital financial assets to form monetary policy and control risks, while it is not a question of verifying investments directly in cryptocurrencies.

Read more about the changes in the crypto market in the Izvestia article:

"Running after cryptocurrencies: the Central Bank will launch large-scale checks of virtual assets"