Russian Central Bank set to prohibit all cryptocurrencies such as Bitcoin in the country

posted 4 months ago
Russia's central bank suggests making Bitcoin trading, mining, and usage illegal.
A report from the central monetary institution says cryptocurrencies are volatile and widely used in illegal activities such as fraud. By offering an outlet for people to take their money out of the national economy, they risk undermining it and making the regulator's job of maintaining optimal monetary policies harder.
The ban should apply to exchanges, over-the-counter trading desks and peer-to-peer platforms.
Tags: blockchain, news, bitcoin