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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

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