ТЛ; ДР анализа:
- The Bank of Russia has suggested a complete ban on crypto.
- The proposal wants to ban crypto mining, trading, and usage in the country.
- However, owning cryptocurrencies would still be legal.
- The institute claims that crypto is a risk to Russia’s national economy.
The central bank of Russia has proposed a complete bank on cryptocurrencies in the country. The proposal was presented during an online conference by the Director of the Bank of Russia. A full justification behind the request was also published in a cryptocurrency consultation report by the institute.
The report emphasizes that crypto is extremely volatile and has helped to spread fraudulent activities in the country. It also says that cryptocurrency is a potential risk to the country’s national economy. Director Elizaveta Danilova said that a complete ban would mean no mining, trading, or usage of crypto in the country. However, owning cryptocurrencies would still be legal.
The report also suggested that the government should introduce punishments for individuals who buy or sell products/services using crypto. This isn’t the first time the Bank of Russia has gone after crypto. Previously, the bank had banned mutual funds from investing in any cryptocurrencies.
Source: https://www.cryptopolitan.com/bank-of-russia-proposes-a-total-crypto-ban/