Russia’s ban on crypto: What it means in reality

The Central Bank

The country is mulling banning crypto mining and crypto-related transactions via Russian financial services.

The Central Bank of Russia issued a report on Thursday in which the regulator proposed to officially prohibit the issuance, circulation, exchange, and trade of cryptocurrencies and stablecoins (tokens linked to fiat currencies), as well as banning the organization of these operations on Russian soil.

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