Reuters reveals Russian central bank to seek ban on investment in cryptocurrencies; market reacts

Reuters exclusively reported that the Russia’s central bank would like to ban investments in cryptocurrencies in Russia because it sees risks to financial stability in the rising number of crypto transactions. Leading cryptocurrency bitcoin fell after the Reuters report. Commenting on the Reuters report, Elvira Nabiullina, governor of the central bank, said the regulator could not welcome investments in cryptocurrencies or support Russia’s financial infrastructure being used for such investments.