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.

ALSO READ :  One of India’s Largest FPOs, Sahyadri Farms Integrates Blockchain For Traceability

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


Disclaimer

Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

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.