Russian Central Bank to Ban Bitcoin: Report

Bitcoin Magazine

The Russian central bank is seeking to prohibit citizens from investing in bitcoin and cryptocurrency out of concerns the activity would pose risks to the country’s financial stability, according to a Thursday report by Reuters.

“The central bank is now in talks with market players and experts about a possible ban,” the report said. “If approved by lawmakers, it could apply to new purchases of crypto assets but not to those bought in the past, said one of the financial market sources, who requested anonymity due to the sensitivity of the matter.”

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