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Reuters Reveals Russian Central Bank Wants to Pursue a Ban on Investment in Cryptocurrencies; market reacts – Reuters News Agency

Business FinanceEconomy

Reuters exclusively reported that the Russian central bank wants to ban investment in cryptocurrencies in Russia because it sees risks to financial stability in the rising number of crypto transactions. Leading cryptocurrency bitcoin fell after the Reuters report. Commenting on the Reuters report, central bank governor Elvira Nabiullina said the regulator could not welcome investment in cryptocurrencies or support Russia’s financial infrastructure used for such investments.

Market impact

Bitcoin fell on the news.

Item Tags

Interesting topics: Business FinanceEconomy

Type: Reuters Dear

Sectors: Business FinanceEconomy & Policyshares

Regions: EuropeEurope / Middle East / Africa

Nations: Russia

Win types: Exclusivity

Story types: Exclusive / Scoop

Customer impact: Significant national story