On Thursday January 20, the Bank of Russia published a report that proposes ban of the use and mining of cryptocurrencies within Russian territory.

The Bank of Russia intensifies its harsh stance on crypto by proposing a complete ban on the asset class.

The Bank of Russia wants the government to ban crypto in its entirety, including trading, investments, and mining activities.

The post Russia’s central bank calls for blanket crypto ban appeared first on The Block.

Twelve Russian banks are preparing for the first phase of testing the digital ruble. The CBDC will be available for payments between private individuals.