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Bitcoin Rises Despite Russia’s Proposed Crypto Ban

January 20, 2022 Damanick Dantes, Angelique Chen
Bitcoin Rises Despite Russia's Proposed Crypto Ban

On Thursday, Russia’s central bank suggested that lawmakers need to implement regulations to effectively ban domestic crypto-related activities. The bank made it clear, however, that is not suggesting banning ownership of crypto by private citizens. Instead, the proposal targets Russian institutional investors, financial infrastructure providers and other organizations that could facilitate crypto transactions.

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