The central bank of Russia has now decided to take a highly unfavorable approach against the cryptocurrency industry, with new reports indicating that the organization wants to prohibit local investors from allocating funds to them.
- According to a December 16th Reuters report, the Russian central bank now wants to ban investments in digital assets, citing potential risks in relation to the country’s financial stability.
- As with previous occasions when the institution has spoken against the crypto industry, it outlined the assets’ alleged usage in malicious activities.
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