Express

Bank of Russia Gives Support To Potential Cryptocurrency Ban

Ramsey Baker

Summary: The Bank of Russia has decided to support the potential ban of cryptocurrency payments, according to a report from state-run news agency RIA. In the Interview the central bank said that "private cryptocurrencies cannot be equated with fiat money and cannot be legal tender." The bank will “support” a ban on “cryptocurrencies as a means ...

The Bank of Russia has decided to support the potential ban of cryptocurrency payments, according to a report from state-run news agency RIA.

In the Interview the central bank said that "private cryptocurrencies cannot be equated with fiat money and cannot be legal tender." The bank will “support” a ban on “cryptocurrencies as a means of payment” if the decision is made at the legislative level.

By Ramsey Baker

Last Update:

Tags: ,,
Link: Bank of Russia Gives Support To Potential Cryptocurrency Ban   [Copy]
Next:

Related Articles

  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 3 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 9 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 12 days ago
  • Justin Sun's Nasdaq Gamble: How Six Years Forged Ties with the Trump Family 13 days ago
  • The Crypto IPO Wave: From Fringe to Front Page 16 days ago

    • You need to login to comment.