The Russian Central Bank has warned that citizens should stay away from crypto, with “risks” on the rise due to “sanctions from unfriendly countries.” And it has followed up with yet another call for a blanket ban on tokens such as bitcoin (BTC).
“Currently, the risks of cryptocurrencies for investors and the Russian economy are growing due to sanctions-related pressure from unfriendly countries. The [Central Bank] advocates a ban on cryptocurrencies in the regulated financial system. The widespread use of cryptocurrencies is associated with significant threats to the welfare of citizens, monetary circulation, and financial stability.”
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