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Russia’s Central Bank Believe In The ban of Cryptocurrency

2019-11-30 10:24:09

Russia’s Central Bank will be supporting the idea of banning cryptocurrencies as a payment mode. The Central Bank stated that cryptocurrency cannot be the legal tender in Russia. They believe that cryptocurrencies have high risk in the field of laundering crime, financing of terrorism, as well as in conducting exchange transactions due to price volatility. The Central Bank is considering to launch its own digital currency.

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