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Russia Will Ban the Issuing and Promoting of Cryptocurrencies

Russia Will Ban the Issuing and Promoting of Cryptocurrencies
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Russia Will Ban the Issuing and Promoting of Cryptocurrencies (forbes.com)






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by

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from the magic-knowledge superhighway-money dept.

A senior Russian dependable says an upcoming digital assets invoice will ban the issuing and promoting of cryptocurrencies.


Forbes reviews:

“We mediate there are mountainous risks of legalizing the operations with the cryptocurrencies, from the standpoint of monetary stability, money laundering prevention and client protection,” Russia’s central monetary institution head of actual, Alexey Guznov, educated Russia news company Interfax this week in feedback translated to English by job of Google. “We’re in opposition to the indisputable fact that there are establishments that aim up the release of cryptocurrency and facilitate its circulation,” Guznov said, adding the arrival invoice “at as soon as formulates a ban on the topic, to boot to on the group of circulation of cryptocurrency, and introduces prison responsibility for violation of this ban….”



However, Guznov admitted that Russia wouldn’t be in a say to completely ban bitcoin and other cryptocurrencies. “No one is going to ban proudly owning cryptocurrencies,” Guznov said, adding of us may also not be punished for proudly owning crypto “if they made their deal in a jurisdiction that would not restrict that.”

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