The Bank of Russia issued a report calling for a ban on all cryptocurrency activity.  It calls for a ban on speculative investments made by retail investors, as well as crypto mining and a ban on the facilitation of crypto-to-fiat conversions by any commercial banks operating in Russia. Financial Institutions with operations in Russia should take the time to consider the potential regulatory changes.

https://www.cbr.ru/Content/Document/File/132242/Consultation_Paper_20012022_eng.pdf

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