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Private Cryptocurrencies May Soon Vanish From Russia
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blockchain.newsPrivately run cryptocurrencies may soon no longer be used in Russia's financial markets.
According to Russia's TASS news agency, Bank of Russia Deputy Governor Vladimir Chistyukhin signalled that private cryptocurrencies might soon go out of existence in the financial markets.
«I'll give you a hint: We do not see room for cryptocurrency on the Russian financial market,» TASS quoted Chistyukhin as saying.
Russia believes that private cryptocurrencies would be a threat by money laundering and financing terrorism which has turned the country into a vocal critic against digital assets.
Following in the footsteps of China and India, Russia has recently begun to ratchet up its campaign in curbing the use of cryptocurrencies. However, this action
Read more on blockchain.newsAbout this in other media
Private cryptocurrencies pose immediate risks, prone to frauds, says RBI FSR report moneycontrol.com /2 years ago
Industry experts reveal a possible method for Bank of Russia to block crypto cointelegraph.com /2 years ago
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