Private Cryptocurrencies May Soon Vanish From Russia

Privately run cryptocurrencies may soon no longer be used in Russia’s financial markets.

According to Russia’s TASS news agency, Bank of Russia Deputy Governor Vladimir Chistyukhin signalled that private cryptocurrencies might soon go out of existence in the financial markets.
“I’ll give you a hint: We do not see room for cryptocurrency on the Russian financial market,” TASS quoted Chistyukhin as saying.
Russia believes that private cryptocurrencies would be a threat by money laundering and financing terrorism which has turned the country into a vocal critic against digital assets.
Following in the footsteps of China and India, Russia has recently …

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