Central Bank of Russia: “Ban Cryptocurrencies!” Here are the details!

There is new news from Russia, where the debate on cryptocurrencies has been going on for a while.

Central Bank of RussiaSome recommendations were included in the report titled “Cryptocurrencies: Trends, Risks and Precautions” published at the online press conference by Elizaveta Danilova, executive director of .

The Central Bank of Russia in this report cryptocurrency proposed a series of bans on its units.

Central Bank of Russia In the report published by the company, it was recommended to ban cryptocurrency mining and circulation of cryptocurrencies.

Accordingly, the report recommended a ban on the export and circulation of cryptocurrencies.

It was recommended to end and ban the activities of crypto currency exchanges in the country.

Russian financial institutions cryptocurrency It was recommended that they be prohibited from making investments and making transactions with cryptocurrencies.

Among the titles recommended to be banned cryptocurrency mining also took place.

The prevalence of illegal use and the risks posed by crypto assets were cited as reasons for the bans.

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