Central Bank Of Russia To Get Securities Trading Platforms
Central Bank Of Russia To Get Securities Trading Platforms
January 6, 2021
Central Bank Of Russia To Get Securities Trading Platforms
Central Bank Of Russia To Get Securities Trading Platforms
January 6, 2021

The Central Bank of Russia (CBR) is working to get securities trading platforms to reach the line on “risk-reduction” measures first passed in July.

It has been reported that the CBR recommends securities platforms and applications have systems to “secure the impossibility of executing on-platform trades resulting in the acquisition of stocks or other securities from foreign issuers by unqualified investors,” except those approved by the CBR.

However, the CBR is working to stop firms from offering “complicated investment products,” a term that largely lines up with leveraged trading or derivatives, to unqualified investors unless the firms offering those investments provide guaranteed returns of at least two-thirds of the central bank’s key rate.

As per the report, there are major doubts that the actual intention is to protect investors.

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Thus, while 4.5% would be enviable for a US savings account, the ruble’s instability since sanctions in 2014 and, more recently, the market crash in March 2020 has driven huge numbers of investors to the stock market for the first time.

Source: Cointelegraph | Image: The Moscow Times


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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.