Russia’s Blanket Ban On Crypto Under Criticism On January 20t | Blockdesk

Russia’s Blanket Ban On Crypto Under Criticism

On January 20th, 2022, Russia’s Central Bank published a proposal to introduce a blanket ban on cryptocurrency trading and mining. The proposal insisted that the risks of digital currencies are much higher for Russia and other emerging markets compared to more developed economies. Many political and tech executives have been quick to criticize this proposal, insisting that a ban will have negative effects on the development of blockchain technologies.