The central Bank of Russia today proposed banning the use and mining of cryptoaassets on the country’s territory. The proposed ban encompasses crypto exchanges.
However, despite the news, bitcoin (BTC) moved up. At 16:49 UTC, BTC trades at USD 43,324 and is up 3% in a day, trimming its weekly losses to less than 2%.
The bank is citing threats to financial stability, economic security, and monetary policy sovereignty to justify this move. …
Read More: Russian Central Bank Proposes Crypto Use and Mining Ban, Bitcoin Moves Up
