Russia to Decide Between a Blanket Crypto Ban and Legalizing Exchanges in 2022

📣 #Russia to Decide Between a Blanket #Crypto Ban and Legalizing #Exchanges in 2022

👉 Anatoly Aksakov, chairman of the #Duma [Russian Parliament] Committee on Financial Markets, voiced his support for #cryptocurrency mining regulation in the country, citing factors such as mining taxation and business electricity consumption.

👉 Authorities in the country prioritize launching a #CBDC ruble and have enacted harsh crackdowns on the private #cryptosector, including banning mutual funds from investing in #Bitcoin (#BTC).

👉 On #Thursday, conflicting reports emerged in Russia on the state of crypto regulatory affairs. First, a report by Reuters indicated that the #CentralBank of Russia is seeking a ban on cryptocurrencies, citing risks to financial stability and the exploding volume of transactions.

👉 If enacted, the move would align with remarks made by Russian President #VladimirPutin last month, who stated that cryptocurrencies bear high risks at an investment forum in #Moscow.

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