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The global economy is at a turning point, and many aspects of the current global transformation are more crucial for the Russian economy than they are for other countries.
As cryptocurrencies and other digital financial assets gain popularity, regulators are increasingly alarmed about the potential risks to financial stability they bring. Additional steps are needed to ensure that money surrogates are not used for payments.
Direct quantitative restrictions, or macroprudential limits, are a limitation of the share of high-risk loans in new lending by banks. These measures help to prevent the accumulation of borrower risks and thereby reduce the risks of the financial sector.
