3 months ago Russia was supporting cryptocurrencies and even Putin claimed that "Cryptocurrencies have a right to exist..". Today Bank of Russia calls for full ban on not only the mining but trading and even using the cryptocurrencies.
"We always welcome dialogue on crypto and blockchain and we hope that the advisory report will initiate discussions between the Central Bank of Russia and representatives of the cryptocurrency market," source
The regulator said it believes that in the future, enhancing the current banking infrastructure, as well as introducing the digital ruble, a central bank digital currency (CBDC) currently in the works by the Bank of Russia, will satisfy the need of Russians for fast and cheap digital payment options, effectively giving them advantages of crypto without crypto. via Coindesk
Hmmmm .. Where have I seen this before?
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