According to the company's CEO, BitRiver, Russia's largest cryptocurrency digging co-location service provider, is unlikely to be affected by the Bank of Russia's new cryptocurrency crackdown.
On September 15, the Russian central bank announced that the authority had begun working with local banks to slow down payments to cryptocurrency exchanges .
Sergey Shvetsov, first deputy governor of the Bank of Russia, reportedly said , the regulator is now considering changing the law to "more explicitly prohibit the use of cryptocurrency" and introduce additional administrative and punitive obligations.
While Shvetsov did not clarify exactly what types of crypto transactions will be restricted under the new regulatory crackdown, the official noted that the bank wants to halt payments on cryptocurrency exchanges to protect customers from "emotional" cryptocurrency purchases.
BitRiver founder and CEO Igor Runets told Cointelegraph that the new restrictions planned by the Russian central bank are unlikely to affect any of its customers, as the company does not operate cryptocurrency mines, but rather provides data centers for foreign companies.
