Russia central bank proposes cryptocurrency ban on use and mining


Source: nikkei.com nikkei.com

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Elvira Nabiullina, governor of Russia's central bank. Russia has argued for years against cryptocurrencies. © Reuters January 21, 2022 01:22 JST | Russia & Caucasus Copy Copied 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' well-being 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...