The bank also cautioned about potential bubbles in the market, threatening financial stability and citizens.

It is estimated that Russians did $5 billion in crypto transactions in 2020.

However, the bank is not proposing banning ownership of crypto by private citizens, Danilova said.

cryptocurrency trading

Further, the central bank in December 2021 had prohibited mutual funds from investing in the crypto market.

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source: www.techworm.net