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Bank of Russia Seeks to Outlaw Crypto Mining, Trading

  • Central bank proposed a far-ranging ban in a report Thursday
  • Russia’s FSB is also pushing for a ban on cryptocurrencies
Racks of mining rigs at a cryptocurrency mining center in Nadvoitsy, Russia.
Racks of mining rigs at a cryptocurrency mining center in Nadvoitsy, Russia.Photographer: Rudakov/Bloomberg
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Russia’s central bank proposed a blanket ban on the use and creation of all cryptocurrencies within one of the world’s biggest crypto-mining nations, citing the dangers posed to the country’s financial system and environment.