Russian Central Bank Seeks Ban on Crypto Investment: Report

Posted on by American Coins & Gold

Russian Central Bank Seeks Ban on Crypto Investment: Report
The Russian central bank is looking to ban cryptocurrency investments in the country, according to a Reuters report.The central bank is in discussions with market players regarding a possible ban. If approved by lawmakers, the ban would only apply to new purchases of crypto assets not to past purchases, the report added.Russia has been vocal in its stance against against cryptocurrencies, stating that the asset can be used for money laundering or to finance terrorism.Bank of Russia’s current position is a “complete rejection” of all cryptocurrencies, the report says citing a source close to the bank.The central bank issued new…