Bank of Russia wants to block ‘emotional’ and suspicious crypto activity
As cryptocurrency investments get more popular in Russia, the country’s central bank is actively working to curb perceived suspicious crypto activity as well as block some crypto purchases. The Bank of Russia has started working with local banks to make them halt payments to cryptocurrency exchanges in order to protect customers from “emotional” purchases of crypto. Sergey Shvetsov, the first deputy governor at the Bank of Russia, argued that the new measures aim to protect Russian investors from potential losses in case the cryptocurrency market “crashes to zero,” local news agency RIA Novosti reported Wednesday.
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- CoinRado.com