Bank of Russia wants to block ‘emotional’ and suspicious crypto activity

Cointelegraph

Published Sep 15, 2021 08:48AM ET

Updated Sep 15, 2021 10:20AM ET

As cryptocurrency investments get more popular in Russia, the country’s central bank is actively working to curb perceived suspicious crypto activity as well as block some crypto purchases.

The Bank of Russia has started working with local banks to make them halt payments to cryptocurrency exchanges in order to protect customers from “emotional” purchases of crypto.

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