Russian Central Bank | Crypto BAN
Russian central bank to seek ban on investment in cryptocurrencies
MOSCOW, Dec 16 - The Russian central bank wants to ban investments in cryptocurrencies in Russia, seeing risks to financial stability in the rising number of crypto transactions, two financial market sources close to the bank said.
Leading cryptocurrency bitcoin fell after the report to $48,656 from levels around $49,144 seen shortly before.
Russia has argued for years against cryptocurrencies, saying they could be used in money laundering or to finance terrorism. It eventually gave them legal status in 2020 but banned their use as a means of payment.