The Central Bank of Russia announces a ban on cryptocurrency and mining in Russia

The Central Bank of Russia on Thursday announced a ban on the use and mining of cryptocurrencies in Russia, threatening to threaten financial security, public health and the financial rule of law. The move is the latest in a series of global attacks on cryptocurrencies, with governments from Asia to the United States fearing that the private sector and digital advantages will weaken the economy, police control of funds and financial weakness. The bank agreed to ban financial firms from trading cryptocurrencies, saying they should set up places to buy and sell cryptocurrencies in exchange for fiat currency. (ten gold)