to the population – no matter whether in dollars see how to create a good lead nurturing strategy or yuan – a protective surcharge to risk coefficients is in effect (200% and even 500% for loans with a high APR). We do not expect significant volumes of retail loans issued in yuan.
As for savings, about 90% of
the population’s funds in banks are denominated in rubles, but citizens really began to save more in yuan in 2022. Currently, about 11% of the population’s foreign currency deposits in Russian banks are deposits in yuan.
Please tell us what initiatives from
the regulator can be expected in 2023 regarding cryptocurrency in Russia?
— Legalization of cryptocurrency transactions overlooking user experience (ux) within the country, their admission to the regulated financial system would lead to the realization of fundamental risks: for the well-being of Russian citizens, the stability of the financial system, and agb directory the growth of illegal activity.
