According to a report, published by RIA Novosti, the head of the Central Bank of the Russian Federation, Elvira Nabiullina, made her statement at a finance innovation forum that was held in Sochi.
Nabiullina said:
“We are holding the FINOPOLIS forum for the fourth time. Earlier, this event used to witness a cryptocurrency fever everywhere. But now, it is visibly beginning to fade away.”
However, the head of Central Bank also commented that ICO is a good way to raise funds.
Earlier, the Central Bank of the Russian Federation stated that it would provide an opportunity to use smart contracts and electronic letters of credit as early as 2019 on a large scale.
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