The Russian central bank is gearing up to ban investment in cryptocurrencies, report says
markets.businessinsider.comJack Taylor/Getty Images
Russian central bank officials are working on prohibiting cryptocurrency investment to tame financial stability risks that it sees from an increase in crypto transactions, Reuters reported Thursday.
The Bank of Russia is talking with market players and experts about the possible ban, the report said, citing two unnamed financial market sources close to the central bank.
One source said the ban may apply to new purchases of crypto assets but not prior transactions. Another source close to the central bank said its current position is a «complete rejection» of all cryptocurrencies.
The Bank of Russia, in reply to a Reuters request for comment, said it was preparing an advisory report to voice its stance on the issue. It
Read more on markets.businessinsider.com
