Official reports came that
Russia is planning to execute a full-action ban of all cryptocurrency investments in the country. The country’s anti-crypto stance has been obvious in the last couple of years, and this move is not considered a surprise.
Reuters was first on the news, citing two anonymous sources that have a connection to the nation’s financial regulator. The media outlet added that concerns over Russia’s financial stability during times of increased crypto transactions are the main agitators of the ban.