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Title : Russia's Central Bank Wants To Ban Cryptocurrencies
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Russia's Central Bank Wants To Ban Cryptocurrencies

Elizaveta Danilova, the director of the Bank of Russia's Financial Stability Department (Bank of Russia webcast)

RT: Russia set for complete ban on cryptocurrencies  

The move would see crypto transactions banned in the world’s largest country  

The Bank of Russia has unveiled proposals that would see the sale, mining and circulation of cryptocurrencies banned as part of a radical move that finance chiefs say would protect the economy from the risks associated with digital currencies. 

In a statement issued on Thursday, the Central Bank argued that “the status of the Russian ruble, which is not a reserve currency, does not allow Russia to take a soft approach or ignore the growing risks.”  

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WNU Editor: I understand why many are concerned about cryptocurrencies. The lack of regulation, stability, and reliability. But like it or not cryptocurrencies are the future, and this outright ban is is a mistake. 

Russia's Central Bank Wants To Ban Cryptocurrencies  

Russian Central Bank Calls For Ban of Cryptocurrency Mining -- Sputnik  

Russian central bank proposes banning cryptocurrencies, crypto mining -- Reuters  

Russia's central bank is calling for a sweeping ban on crypto activity from mining to trading -- Insider  

Bank of Russia Calls for Full Ban on Crypto -- CoinDesk

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