Russia proposes ban on cryptocurrencies, points to steps taken in China

The central bank of Russia, the third-largest bitcoin mining market, cited risks to financial stability and pointed to China’s cryptocurrency ban as an example.

Tech / Policy

  • The central bank of Russia, the third-largest bitcoin mining market, cited risks to financial stability as a reason to ban cryptocurrencies
  • It pointed to measures taken in other countries like China, where all cryptocurrency transactions and mining activity are banned

Topic | Digital currencies

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Reuters

Reuters

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Published: 10:30am, 21 Jan, 2022

Updated: 10:30am, 21 Jan, 2022

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Source: https://www.scmp.com/tech/policy/article/3164177/russia-proposes-ban-use-and-mining-cryptocurrencies-points-steps-taken

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