Central Bank Crypto Issuance And Circulation Ban Looms In Russia

Speaking during a recent interview, the head of the Central Bank of Russia’s legal department Alexey Guznov, confirmed this, even though the new bill has not yet been published.

In the interview, Guznov described cryptocurrencies as an “unjustified risk”, explaining that they will be detrimental to the country’s financial system and the framework already in place to protect consumers.

“As such, the bill explicitly prohibits emission and organization of cryptocurrency circulation, introducing legal liability for violating these rules.”

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