Reuters reveals Russian central bank to seek ban on investment in cryptocurrencies; market reacts - Reuters News Agency
Business & FinanceEconomy

Reuters reveals Russian central bank to seek ban on investment in cryptocurrencies; market reacts

Reuters exclusively reported that the Russia’s central bank would like to ban investments 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, Elvira Nabiullina, governor of the central bank, said the regulator could not welcome investments in cryptocurrencies or support Russia’s financial infrastructure being used for such investments.

Market Impact

Bitcoin fell on the news.



Article Tags
Topics of Interest: Business & FinanceEconomy
Type: Reuters Best
Sectors: Business & FinanceEconomy & PolicyEquities
Regions: EuropeEurope / Middle East / Africa
Countries: Russia
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Customer Impact: Significant National Story
A Russian flag flies outside the Consulate General of the Russian Federation in New York after the U.S. introduced a 3-year restriction on the stay of Russian Diplomats and gave a list of 24 employees of the diplomatic mission who will need to leave the country by September 3, 2021 in Manhattan, New York City, U.S., August 2, 2021. REUTERS/Andrew Kelly
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