Russia Classifies Crypto as Major Risk to Monetary Sovereignty
WorldPing
The Bank of Russia’s latest draft policy document classifies cryptocurrencies and stablecoins as major financial market risks, citing threats to monetary sovereignty, potential complete losses for investors, and their role in enabling shadow markets.
This is a short WorldPing brief. The full report was published by Bitcoin.com.
The legislation would establish rules of the road for the crypto sector for the first time — but opponents are up in arms, and the bill faces an uncertain prospect in the Senate.
Brief by WorldPing · Original reporting by NPR Top