News > Russia's central bank calls for crypto crackdown

Russia's central bank calls for crypto crackdown

India News | 21/01/2022 10:32 AM | Click to read full article

Russia's central bank on Thursday proposed banning the use and mining of cryptocurrencies on Russian territory, citing threats to financial stability, citizens' wellbeing and its monetary policy sovereignty.

The move is the latest in a global cryptocurrency crackdown as governments from Asia to the United States worry that privately operated and highly volatile digital currencies could undermine their control of financial and monetary systems.

-