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Russia proposes ban on use and mining of cryptocurrencies

Russia proposes ban on use and mining of cryptocurrencies

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by January 21, 2022 Market
Published by
Reuters

By Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) -Russia’s central bank on Thursday proposed banning the use and mining of cryptocurrencies on Russian territory, citing threats to financial stability, citizens’ wellbeing and its monetary policy sovereignty. The move is the latest in a global cryptocurrency crackdown as governments from Asia to the United States worry that privately operated and highly volatile digital currencies could undermine their control of financial and monetary systems. Russia has argued for years against cryptocurrencies, saying they could be used in money lau…

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