BitRiver, the largest cryptocurrency mining colocation services provider in Russian federation, is unlikely to be afflicted by a new crypto crackdown from the Banking concern of Russia, according to the firm's CEO.

On Wed, the Russian fundamental banking concern announced that the authority has started working with local banks in club to irksome down payments to cryptocurrency exchanges.

Sergey Shvetsov, the first deputy governor at the Banking concern of Russia, reportedly said that the regulator is now considering alteration the law to "more clearly prohibit the use of cryptocurrency" and introduce additional administrative and criminal liabilities.

While Shvetsov did non clarify what kind of crypto transactions exactly would be restricted every bit part of the new regulatory crackdown, the official noted that the banking company wants to halt payments to crypto exchanges in order to protect customers from "emotional" purchases of crypto.

BitRiver founder and CEO Igor Runets told Cointelegraph that new restrictions planned by Russian federation'south central bank volition unlikely bear upon any of its clients, as the business firm does not operate a crypto mining facility but rather provides data centers for foreign companies.

"We don't send crypto to exchanges; we accept none of our own equipment, and this banking concern's move volition non affect our clients because they operate in strange jurisdictions," Runets noted.

Co-ordinate to Runets, BitRiver has been long expecting tough crypto policies from the Russian government, recommending its Russian clients to use BitRiver's crypto data centers by setting up a strange company. "Now nosotros have no trouble," Runets said.

"From fourth dimension to fourth dimension, we hear that clients want to brand a company in Russia and so that it is more convenient to deliver equipment from abroad. Simply fifty-fifty for them, the Banking concern of Russian federation doesn't really bother since the cryptocurrency doesn't enter the account of a Russian company," he added.

Related: Russian Duma wants to regulate crypto mining as business

The Bank of Russian federation's new anti-crypto measures come months after the country adopted its major crypto law, "On Digital Financial Assets," in January.

Co-ordinate to Nikita Soshnikov, a former senior lawyer at Deloitte CIS, the crackdown by the central banking company is office of a move to juxtapose private cryptocurrencies with the digital ruble, the country's central bank digital currency projection. On Monday, the Banking concern of Russian federation officially confirmed plans to launch a CBDC before 2030 as one of the country's key digitization projects.

"I expect new official documents and legislative proposals, where 'allowed' operations with a digital ruble, volition exist opposed to 'illegal' crypto transactions," Soshnikov said.