Bank of Russia calls for all-out ban on cryptocurrencies

High volatility and fraud

clock • 1 min read
$2.3trn market cap
Image:

$2.3trn market cap

The Bank of Russia has called for a full ban on cryptocurrencies in the country, citing high volatility and “proliferation of fraud” as key reasons.

The bank noted that the global cryptocurrency market surged over the past year, hitting a market capitalisation of $2.3trn in December 2021. In a statement on Thursday (20 January), Bank of Russia said:...

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